2 Cape Town businessmen arrested over R100m VAT scam

2016-11-25 11:26
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Cape Town - Two businessmen are facing several charges for their alleged involvement in a R100m SARS VAT scam, the Hawks said on Friday.

The two, aged 53 and 48, were expected to appear in the Cape Town Magistrate’s Court on Friday on charges of fraud, theft, money laundering and forgery, Western Cape Hawks spokesperson Captain Lloyd Ramovha said.

They were arrested during raids on four premises in Bellville and Melkbosstrand on Thursday. Documentary evidence and electronic equipment were seized.

"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 allegedly lost R100m as a result of the illegal activities.

Read more on:    sars  |  hawks  |  cape town  |  crime

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