ACCUSED TO PAY BACK SARS AFTER FRAUD CONVICTION

ACCUSED TO PAY BACK SARS AFTER FRAUD CONVICTION

MPUMALANGA: The accused, Rejoice Magagule was convicted on 13 June 2023 by the Nelspruit Specialised Commercial Crimes Court on charges of fraud and money laundering.

The accused, as a director of a shell company “Fundzani Trading cc”, submitted false Tax Returns for Foreign Tax Credits, on behalf of the company to the South African Revenue Service and claiming thus prejudicing SARS the total loss amount of
R 162 481.29 which was paid into the company’s business bank account which she later transferred the funds into her own personal bank account.

Magagule was sentenced as follows:
Count 1- Six (6) years imprisonment, which is wholly suspended for five (5) years on conditions that accused not be convicted of fraud in the period of the suspended sentence.

Count 2- Six (6) years imprisonment, which is wholly suspended for five (5) years on conditions that the accused not be convicted on charges of Contravening the provisions of Sections 4,5 & 6 of the Prevention of Organized Crime Act, Act 121 of 1998, money laundering in the period of suspended sentence and that she pays back the prejudiced amount of R 162 481.29 to the South African Revenue Service.

Matter has been referred to Priority Crime Specialised Investigation and the Asset Forfeiture for further probe. The apllication for confiscation order has been submitted in terms of Section 18 of the Prevetion of Organised Crime Act. The enquiry has been postponed to 10 October 2023.

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