Julius Malema provisionally sequestrated

2014-02-10 13:56

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Economic Freedom Fighters (EFF) leader Julius Malema has been provisionally sequestrated by the North Gauteng High Court.

“I am satisfied that the applicant [SA Revenue Service] has established the requirements for the grant of a provisional sequestration,” Judge Bill Prinsloo said in his judgment today.

A draft order was signed and made an order of court. Reading the order into the record, Prinsloo said: “The estate of the respondent [Malema] is placed in provisional sequestration.”

Malema and anyone else who did not want the order to be made final had until 10am on May 26 to give reasons why this should not happen.

Earlier, the application to have the sequestration case against Malema postponed was dismissed.

“I am of the view that the arrival of council for the respondent [Malema] this morning [with the application for postponement] is nothing but a delaying tactic and abuse of the system, which the court should not tolerate,” Prinsloo said in his judgment.

“The application for postponement is dismissed.”

This came after Malema’s legal team brought an application asking for the matter to be postponed because he [Malema] wanted to have an admission of liability, which he signed last year in negotiations with the SA Revenue Service (Sars), set aside.

He also wanted the sequestration case postponed until his pending criminal case was finalised.

Sars opposed the application for a postponement.

According to court documents, Malema owed R16 million 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 also failed to register the Ratanang Trust for tax purposes – Sars had to do this on his behalf.

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