$ = R 8.03
£ = R 12.81
€ = R 11.19
Oil = $ 110.78
Gold = $ 1640.6
Last Update:
02:00 23 Oct 11
SPONSORED LINKS ›
Cars Online
Property Search
Online Dating
Local sleepovers
Book flights online!
Work money smarter
Wine of the Week
Win the Lottery
Go shopping!
Huge VAT fraud uncovered
Mon, 08 Mar 2010 12:00
A family is suspected to have fled after allegedly defrauding
the South African Revenue Service (SARS) of over R33-million, the
National Prosecuting Authority said on Saturday.
Shahida Tayob allegedly filed false Value Added Tax refund
claims of approximately R35-million in 2006 to 2007, said spokesman
Mthunzi Mhaga in a statement.
"She misrepresented to SARS that her close corporation had sold
cell phones to the value of [around R33-million] to certain
suppliers," Mhaga said.
SARS had ultimately paid over a similar into the account Tayob's
close corporation.
Tayob issued cheques to "third parties" as payments to
suppliers, who were people whom she knew.
Her husband, Abdool, and son, Ahmed, would then cash the cheques, Mhaga said.
The money was used to buy luxury goods such as Porches and houses.
The Asset Forfeiture Unit on March 1 obtained a restraint order
in the North Gauteng High Court against Tayob and her family,
prohibiting them from spending more of the money.
Tayob also had to surrender the properties to a curator until
the criminal case was finalised.
Tayob and her husband are believed to have fled the country.
Police were due to arrest her son during confiscation at their
Erasmia home on Friday. He is suspected to have fled with a BMW
that would also have been seized.
Police confiscated property worth R15-million, including two houses, a vacant lot and a Toyota Prado.