Malema 'hid' valuables

2013-02-24 14:31
Julius Malema. Foto: Brett Steele

Julius Malema. Foto: Brett Steele

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Johannesburg - Expelled ANC Youth League president Julius Malema may have hidden some of his assets to prevent them from being sold at auction to recoup tax debt, it was reported on Sunday.

The Sunday Independent reported that Malema's household contents were auctioned in Polokwane in Friday for R54 000, which was about a fifth of the value of his Breitling watch.

The SA Revenue Service (Sars) is trying to recover R16m, which it claims Malema owes in tax, following business dealings it alleges were incompatible with his tax declarations.

According to the newspaper, it reported in January that Malema had spent R291 000 on clothes at an Italian boutique store and more than R31 000 on Louis Vuitton designer clothes according to an audit by PwC.

No watch or designer clothes

It reported that Malema's watch and designer clothes were not seen at the auction. Assets which were auctioned included a piano, fridges, a wall unit, television sets and flower tables.

The Sunday Sun reported that the piano was bought for R9 300 by Norman Motaung. "I didn't buy it because of the previous owner," he told the newspaper.

A former friend of Malema's, Boy Mamabolo, bought a mirror for R300. He told the newspaper Malema had promised to give him the mirror in 2009 but had changed his mind.

"I'm helping Sars to collect its money. But I'm disappointed that the Pioneer music mixer is going back to Juju [Malema] - because his bodyguard bought it," Mamabolo told the Sunday Sun.

The Sunday Sun reported that many people were disappointed at the assets that were on sale.

Items in a bad state

"According to the sheriff, some people were not happy with the state that the items were in," Sars spokesperson Adrian Lackay told the Sunday Independent.

"The sheriff will have written up an inventory of everything. So we are confident that all attempts to get around the administration of justice will be futile," he said.

- SAPA

Read more on:    julius malema  |  polokwane  |  politics
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