Johannesburg - The Financial Services Board's (FSB's) former chief financial officer Dawood Seedat has been accused of demanding millions of rands in bribes to make an audit disappear, The Star reported on Friday.
In an affidavit Africa Cash and Carry chief executive Edrees Ahmed Hathurani reportedly said he was told in June last year that his business was being investigated by Seedat.
At a meeting Seedat reportedly told Hathurani he could use the SA Revenue Service (Sars) and the FSB to close down the business.
Hathurani was then told to pay R12m to a Sars consultant. He reportedly made several payments between June and November last year, including some to Seedat personally.
The last two payments were recorded on video and one reportedly showed Seedat accepting two boxes which contained R1.5m and R500 000.
The FSB released a statement last Friday saying Seedat had resigned following "corruption allegations that have been levelled against him in his personal capacity".
FSB chief executive Dube Tshidi told The Star the board did not have the power or infrastructure to investigate allegations which did not pertain to Seedat's employment with the board.
Seedat's lawyer Darryl Ackerman denied the accusations, while Sars spokesperson Marika Muller would not comment on whether there was an audit against Africa Cash and Carry.