• Tweet

RELATED ARTICLES

• Malema's ex-friend arrested
• Call me, says Malema
• Malema case postponed to April
• Case dropped against Malema's ex-pal

The SA Revenue Service (Sars) has filed papers in the High Court in Pretoria to have expelled African National Congress Youth League president Julius Malema sequestrated.

According to court papers, Malema owes Sars R16 million and is "factually insolvent and in no position to make payment of his indebtedness to Sars".

Malema and his lawyers would decide on Thursday whether to oppose the application.

If the application succeeded or was unopposed, all Malema's properties --including his house in Sandton, and his house, smallholding and farm in Limpopo -- would be placed under curatorship and auctioned to cover his debts.

City Press reported that, according to the court documents, SARS had rejected an offer by Malema to borrow R4m to settle his outstanding taxes until 2011, because of inconsistencies in his representations.

In its papers, Sars reportedly stated that discrepancies in Malema's representation of his net assets were not conducive to concluding that he had made a full and frank disclosure, and supported its contention that "it would be to the benefit of Malema's creditors to sequestrate his estate".

Malema had until February 18 to notify SARS whether he intended opposing the application, City Press reported.

The hearing was scheduled for February 27.

Comments

• Sign in or sign up to comment

Sun May 26 07:18:44 SAST 2013 ::

Jan 31, 2013

MommaC

Oh oops!
Report Abuse

Jan 31, 2013

McCountryMan

Go tla loka Bafana, ga go tome ka weni and ga gofele ka weni.......


PS: you can't keep a good man down, you shall rise again one good day
Report Abuse

Jan 31, 2013

Phathuza

Eish Malema is going down alone, He is not the only one who is corrupt , What about Zuma , Tony Yengeni who is still the member of paliament and sheik I mean the list is endless including the Guptas who are running this country.
Report Abuse

Jan 31, 2013

s.cold

BOLEKA KU KENNY KUNENE
Report Abuse

Jan 31, 2013

StewieGriffin

lesson to be learned you don't bite the hand that feeds you.
Report Abuse

Jan 31, 2013

Kon-Tiki

I have a headache. I cannot get an erection any more. Stress is killing me. Death and the tax man, you just cannot avoid them. You can avoid stupidity, though.
Report Abuse

Jan 31, 2013

T.C.T

StewieGriffin
lesson to be learned you don't bite the hand that feeds you
>>>>>>>>>>
then the hands that feeds you control you is the best solution?


Report Abuse

Jan 31, 2013

Mokwepa

Malema or no Malema.........!!! we will leave
Report Abuse

Jan 31, 2013

BRA-MAFUTHA

Leave him alone Zuma is the really perpetrator
Report Abuse

Jan 31, 2013

maftowncity

Aish...Mr Malema,this is not good news, and if i recall,you indicated that you dont owe SARS ,am not sure how true was the statement...and if the latest developments are anything to go by,its definitely NOT good sir..!
Report Abuse

Read all 156 comments