Krejcir's assets seized

2013-11-15 19:09
Radovan Krejcir (Picture: AP)

Radovan Krejcir (Picture: AP)

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

Johannesburg - Controversial businessman Radovan Krejcir has had all his assets placed under the control of a curator, the SA Revenue Service (Sars) said on Friday.

Sars spokesperson Adrian Lackay confirmed reports that Sars had obtained a court order following a preservation order issued by the North Gauteng High Court in Pretoria.

"Sars does not want to make further public statements on the matter at this stage," he said.

The Mail & Guardian online reported that the order placed all Krejcir's assets, and those of his family and associates under the control of a curator.

Sars reportedly acted in terms of the Tax Administration Act based on the view that Krejcir owed more than R59m in taxes, penalties and interest.

The court order also granted seizure of control of the assets of 15 other entities linked to Krejcir, including his wife and son, and the Moneypoint pawn business in Bedfordview, which was hit in a bomb attack this week, leaving two people dead.

Evidence submitted to the court also disclosed allegations about Krejcir's business dealings, according to the report.

Krejcir has until 2 December to challenge the preservation.

Earlier, The Star reported that two properties owned by a company run by Krejcir's wife had been interdicted.

A deed search on properties linked to Krejcir reveal that an interdict was in place on a Bedfordview property the businessman's family live in as well as another house in Bloemfontein worth R4m.

Both houses are owned by Groep Twee Beleggings, a company whose sole director was Katerina Krejcirova - Krejcir's wife.

Papers on the interdict on the Bedfordview property at the deeds office in Johannesburg reveal that the interdict was put in place by Sars, and it was a caveat order.

The house is worth R13m.

A property caveat is a legal restriction on the use or sale of real estate.

Read more on:    sars  |  radovan ­krejcir  |  johannesburg

Join the conversation! 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 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
Comments have been closed for this article.

Inside News24

Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.


WATCH: Man films himself going down water slide upside down as things go very wrong…

What is at first an exciting tummy-turning adventure stunt, quickly turns into a scarily bad idea caught on camera. Take a look:


You won't want to miss...

WATCH: Conor McGregor: Notorious the trailer
Best date night restaurants in South Africa
WATCH: Ryan Reynolds offers fans a free tattoo in new Deadpool 2 teaser
Should you date your co-worker?
Traffic Alerts
There are new stories on the homepage. Click here to see them.


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 network.


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.