VAT fraudster jailed for seven years
A 39-year-old man has been sentenced to seven years’ direct imprisonment for fraud and money laundering involving value-added tax (VAT) refunds amounting to more than R1.“The NPA welcomes the conviction and sentence, which underscore that tax fraud and money laundering are serious economic crimes that undermine the country’s revenue collection system and prejudice the public fiscus,” Mohlatlole said.
Man claims VAT refunds after hijacking registration details of a company National Prosecuting Authority (NPA) regional spokesperson Magaboke Mohlatlole said Matodzi’s conviction came after he unlawfully hijacked the registration details of a company called Coco Pure Manufacturing CC.
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