Sat Dec 03 15:42:46 SAST 2016

Malema sequestration matter postponed

By Sapa | 2014-08-25 10:23:01.0 | COMMENTS [ 32 ]

The provisional sequestration order against Economic Freedom Fighters' leader Julius Malema regarding his outstanding tax bill has been extended to December 1, a clerk in the High Court in Pretoria said on Monday.

Malema previously admitted he had not attended to his tax affairs the way the law required. According to court papers, Malema owed Sars R16 million, plus interest, after failing to submit tax returns between 2006 and 2010.

In 2010 Sars contacted Malema about his failure to submit tax returns. It took Malema 18 months, after many attempts by Sars, to file his outstanding returns.

Malema had failed to register his Ratanang Family Trust for tax purposes, and Sars had to do this on his behalf. Ratanang is the name of Malema's young son.

Sars attached some of Malema's property, including a farm in Limpopo and a house still under construction in Johannesburg, to recoup the taxes he owed.

In February, Judge Bill Prinsloo ordered that Malema's estate be provisionally sequestrated.

A final sequestration order would affect Malema's political career, as he would no longer be allowed to serve as a Member of Parliament.

Malema said the offer he made to Sars included an additional amount to be paid by him. Sars said the details of the agreement were confidential.

If Malema failed to disclose a material fact related to his settlement, supplied materially wrong information, or broke the conditions of the agreement, Sars would bring the final sequestration order into effect.

Malema had to meet the requirements in order for the compromise to be considered favourably. This included making a full and verifiable disclosure regarding his assets, liabilities, and income.

COMMENTS [ 32 ]

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2014-08-25 10:25:58.0 | 2 replies
2014-08-25 10:26:23.0 | 0 replies

BOKKER

In the meantime the DA lawyers have gotten hold of the "spytapes" Thanks God for genuinely smart people in opposition. Amen

2014-08-25 10:58:37.0 | 0 replies

Mshovekahle

Ayeye malema kuyashuba

2014-08-25 10:26:05.0 | 0 replies

Socrates

Mshove...the 16million is readily available, so malema has nothing to worry about, instead ZUma needs to know wewantthemoney

2014-08-25 10:28:33.0 | 1 replies

Mshovekahle

Both of them are same

2014-08-25 10:31:36.0 | 0 replies

Mshovekahle

Malema previously admitted he had not attended to his tax affairs the way the law required. According to court papers, Malema owed Sars R16 million, plus interest, after failing to submit tax returns between 2006 and 2010 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx How can you mange a countries finance affairs if you are failing to manage yours Malema and zuma are the same

2014-08-25 10:36:12.0 | 2 replies

Dandan

well said #mshove, I hate selfish people stealing money to enrich themselves and his family similar situation with woman in KZN called Nomusa Dube with her husband, nxaaaa

2014-08-25 10:44:39.0 | 1 replies
2014-08-25 10:47:15.0 | 0 replies

Whaddayah

@ Mshove-- Jy praat kak nog.

2014-08-25 11:22:36.0 | 1 replies
2014-08-25 11:27:54.0 | 1 replies

Shredder

Mshove - Verwoerd has risen from the dead to bite you.

2014-08-25 11:51:21.0 | 0 replies

Mshovekahle

Malema had failed to register his Ratanang Family Trust for tax purposes, and Sars had to do this on his behalf. Ratanang is the name of Malema's young son xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx All they know is to enrich themselves and their families

2014-08-25 10:37:31.0 | 0 replies

B4LES

Pay Mfana, so that you can challenge others to do the same, including to continue with the latest released song ;Pay Back the Money!!!!!!!!!!!!!!!!!!!!!!!!!!!That is a hit, etla kgaola ngwaga,lmao!!

2014-08-25 10:37:42.0 | 0 replies

Tintoma

That's good news for my commander in chief, as Nkandla sh*t, we want the money, shaaappppa wena Thuli shhhaaaappppa. Pay Back the Money, we want the money back...

2014-08-25 10:44:46.0 | 2 replies

BOKKER

No its not good news. sars is investigating who has paid for him so far. he is now risking being charged with more crimes.

2014-08-25 10:51:51.0 | 0 replies

Mshovekahle

Same applies to malema naye uThuli omoshapile

2014-08-25 11:24:17.0 | 0 replies

Maduvula

Malema has a cigarette crook on his back to pay his SARS fine, Zuma's got the Guptas

2014-08-25 10:45:34.0 | 0 replies

Papage

That is nothing, I contributed R2000 already,

2014-08-25 10:46:11.0 | 2 replies

BOKKER

That only bought him some new socks. You must give more. LOL @Papkop

2014-08-25 10:52:45.0 | 0 replies

Dkok

Uthenga iskelemu, u could have donated that money to someone who realy needs it, not someone who once had everything and blew it

2014-08-25 11:40:33.0 | 0 replies

aroused

malema is just a piece of shit, sitting right there at a corner. How is he now a saint? cause he is a corrupt aS zuma, and playing with poor people emotions.Lucky are those who have no kids, really thisb eautiful SA of ours is heading fo rmasepa nje sho.

2014-08-25 10:59:18.0 | 0 replies

s.cold

KHOKHA NDODA!!!

2014-08-25 11:10:00.0 | 0 replies
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