Zuma man could owe Sars R1.8bn | Fin24
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Zuma man could owe Sars R1.8bn

Feb 19 2015 14:51
Pauli van Wyk, Netwerk24

Johannesburg - A businessman and condemned murderer, who has links to President Jacob Zuma's cousin Khulubuse, and allegedly cheated the SA Revenue Service (Sars) out of at least R1.8bn, could get off the hook completely, Netwerk24 reported on Thursday.

Jen Chich (Robert) Huang, his wife Shou Fang and four companies of which they are directors or with which they have ties, owe Sars a preliminary estimated R540m, according to court documents relating to a dispute between Sars and the Huangs.

The couple's tax matters between 2008 and 2013 were investigated.

Among the companies are Mpisi Trading 74, a clearing agent involved in the disastrous import of ANC T-shirts shortly before the national election in May last year.

Sars investigators also discovered four companies, referred to as the Razi-entities, which owe Sars another R541m, said senior manager Pieter Engelbrecht in a statement as part of court documents at the Pretoria Supreme Court.

It forms part of an extensive tax investigation relating to the Huang couple, which could end up being a lot larger than that of Dave King, who, according to a source, ended up having to pay Sars R1.1bn.

READ: Dave King must pay R706m or face prison

According to a source Huang has in the meantime made a series of admissions which noticeably increases his tax assessment.

There is, however, concern that this investigation could be jeopardised due to political interference and a "settlement outside of the tax investigation".

Khulubuse Zuma, is a former chair of Mpisi and in the past Huang was the liaison in various business transactions between Khulubuse and Chinese companies, the Mail & Guardian reported.

ALSO READ: From tenderpreneurs to tax: Tips for Nene

jacob  |  dave king  |  tax fraud  |  tax  |  sa economy


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