A prominent business man and his associate, aged 53 and 48, respectively, are expected to appear in the Cape Town Magistrates’ Court on Friday, following their arrest, said the Directorate for Priority Crime Investigation (Hawks).
The pair, aged 48 and 53, were arrested on Thursday by the Hawks for allegedly defrauding the South African Revenue Service (Sars) of millions of rand in an elaborate VAT scam, said Captain Lloyd Ramovha.
“Four addresses, business and residential premises, in Bellville and Melkbossstrand were raided by the Unit’s Commercial Crime unit on Thursday morning. Documentary evidence and electronic equipment were seized,” said Ramovha.
“Corporate entities apparently run by the accused are also forming part of the probe, as they allegedly benefited from the pair’s alleged unlawful exploits since 2002, in contravention of the Tax Administration Act. Sars reportedly suffered a loss of over R100 million from this unlawful activities.”
The accused will face charges relating to fraud, theft, money laundering, forgery and uttering.