Businessman jailed for defrauding SARS
A Mpumalanga businessman has been sentenced to 21 years in prison for defrauding SARS of R1.5m, reports TimesLIVE.
The Mbombela Serious Commercial Crime Court sentenced Sibusiso Madonsela on Tuesday for the 2020 crime.
He was not given the option of paying a fine, and his assets will be sold to recover some of the money.
Hawks spokesperson Lieutenant-Colonel Magonseni Nkosi said Madonsela intentionally submitted fraudulent tax returns for his business, Shopemore Enterprise.
Investigations showed the money was deposited in the company’s business account and later transferred to Madonsela’s ex-wife, Thembisile.
She is expected to appear before the Mbombela court on Friday.
‘A portion of the money was deposited into Sibusiso Lekhuleni's personal account,’ Nkosi said, but he was acquitted.
Madonsela was sentenced to three years for fraud, seven years for contravening the Prevention of Organised Crime Act, three years for contravening the Tax Administration Act and an additional eight years for contravening the Organised Crime Act.
‘The court ruled all sentences will be served concurrently. As a result, the convict is expected to serve an effective eight years behind bars.'
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.
