![](https://images.caxton.co.za/wp-content/uploads/sites/35/2021/10/gettyimages-157608837-612x612-1.jpg)
Nzimande stands accused in his capacity as director of Alberton Based Flotenk FX Traders.
According to the Hawks, in an investigation into Flotenk FX Traders, it was discovered the company underdeclared output in respect to invoices issued to the Gauteng Department of Health for PPE supplied by them from April to June 2020.
The false tax returns allegedly caused Sars a loss of approximately R1.8-million.
On October 18, Nzimande handed himself over at the Hawks’ Serious Commercial Crime Investigation offices in Johannesburg, where he was charged.
He appeared in the Palm Ridge court later the same day and received bail of R20 000, with conditions that include not leaving the country without the investigating officer’s knowledge and not interfering with State witnesses.
The matter was postponed to November 12 for further investigation.