Sars freezes assets of Khulubuse Zuma's 'fixer' - report

2014-06-22 12:00

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Johannesburg - Khulubuse Zuma's business partner and "fixer" - Jen-Chih "Robert" Huang - is in hot water with Sars after having his assets frozen over a R541m tax claim.

According to the Sunday Times, court papers filed by Sars state that Huang's companies have reportedly broken almost every tax rule in the book. Court papers portray Huang as operating a vast network of front companies to dodge the taxman.

A Johannesburg High Court judge has ordered all Huang's assets be frozen. This included his companies, cars worth R32m and houses worth over R99m.

Huang's main company is Mpisi Trading, an import-export firm in Bedfordview, Johannesburg. Until a few years ago, Khulubuse - President Jacob Zuma's nephew - was reportedly the company's chairperson.

The Sunday Times reports that Huang - a South African-based Taiwanese who arrived in the country from China in 1993 - has done extremely well because of his political connections and his role as a middle man between Zuma and Chinese investors.

Meanwhile, Zuma, the controversial business tycoon, himself made headlines recently when it was found that he owns an oil fortune of R100bn in the Democratic Republic of Congo which he allegedly acquired through the help of his uncle, Jacob Zuma.

Zuma first made headlines over the Aurora mining scandal. Zuma along with Nelson Mandela's grandson Zondwa Mandela; President Zuma's attorney Michael Hulley and Thulani Ngubani, were the four directors that ran Aurora Empowerment Systems, the company that brought Pamodzi Gold's East Rand and Orkney operations to their knees a few years back.

Aurora took over management of the still operational mines in late 2009 but in the two years that they were under the company's management, the mines were looted to the point where huge capital expenditure was necessary to restore them to operational level.

In early 2011, it emerged that Huang was the influential middleman who tried to affect the rescue of Aurora Empowerment Systems by introducing the directors to the Shandong Gold Group, a state-owned entity from the Shandong province in China. Huang played a central part in promoting the potential deal. At the time, a US$100m deal was on the table, which would have bought the Chinese company about 65% of Aurora.

In the end, China African Precious Metals (CAPM) bought assets of the embattled Aurora gold mine in Orkney in the North West. It reached an agreement with provisional liquidators of the mine and successfully met their requirements, including the full payment of the acquisition price.
Read more on:    zondwa mandela  |  khulubuse zuma  |  jacob zuma  |  drc

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