Malema sequestration case back in court

2015-03-16 09:17
(AP)

(AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - Economic Freedom Fighters' leader Julius Malema's sequestration case is expected to be heard in the North Gauteng High Court on Monday.

The provisional sequestration order against Malema regarding his outstanding tax bill was extended in December.

"The court order was granted today by mutual agreement between Sars and the taxpayer [Malema] to allow for the settlement agreement to be finalised," SA Revenue Service spokesperson at the time, Adrian Lackay, said last year.

In February last year, Judge Bill Prinsloo ordered that Malema's estate be provisionally sequestrated. In May and again in August, his provisional sequestration was extended and the matter was postponed.

Tax returns

Malema previously admitted he had not attended to his tax affairs the way the law required. According to court papers, Malema owed Sars R16m, plus interest, after failing to submit tax returns between 2006 and 2010.

In 2010 Sars contacted Malema about his failure to submit tax returns. It took Malema 18 months, after many attempts by Sars, to file his outstanding returns.

Malema had failed to register his Ratanang Family Trust for tax purposes, and Sars had to do this on his behalf.

Sars attached some of Malema's property, including a farm in Limpopo and a house still under construction in Johannesburg, to recoup some of the taxes he owed.

A final sequestration order could affect Malema's political career, as he would no longer be allowed to serve as an MP.

Read more on:    eff  |  sars  |  julius malema

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Jordaan missing in action

2016-09-25 00:00

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
35 comments
Comments have been closed for this article.

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.