Tax fraud suspect loses luxury vehicles
Kishene Chetty, a member of the Chetty family accused of multimillion-rand police tender fraud, allegedly declared zero income in 2021, despite earning nearly R29.3m.
The Mail & Guardian reports Chetty, who faces fresh R13.9m tax fraud charges, has been stripped of his three luxury vehicles through a Gauteng High Court (Pretoria) order as the state seeks to recover the money he earned through allegedly corrupt means.
According to NPA investigative documents, between 2015 and 2021, Chetty, through Isimbali Trading and Projects, of which he was the ‘beneficial owner’, received more than R34.2m in state contracts, primarily from the SAPS.
However, the NPA alleges Chetty declared income of only R323 797 during the period, depriving the SARS of about R13.9m due to it.
The R323 797, the state further claims, was only declared by Chetty in 2015 and 2016.
Isimbali said it made only R6 in 2015 and generated R323 791 income in 2016, but the state claims the entity actually made more than R2.2m in 2015 and R889 115 the following year.
Chetty, Harry Milanzi and Ravin Ramlall face 17 fraud charges in the Pretoria Commercial Crimes Court. Isimbali is also on the accused list, represented by Chetty, who will assume all penalties for the company should it be convicted.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
