Ship management company

Northern Cape company director in court over alleged R22m fraud

According to National Prosecuting Authority (NPA) spokesperson, Mojalefa Senokoatsane, the entity has formally charged Batsha Ba Tiro Financial Management and its director, Marius Bocks, with two charges of fraud.

Senokoatsane says it is alleged that on two occasions the defendant submitted false declarations of income, amounting to over R22 million.

The case is set for August 17, 2022, when the defendant’s legal team is expected to make representations.

“During the first instance, the defendant submitted a false VAT return to the South African Revenue Service (SARS), on which an undue input tax of over R8 million was calculated. and claimed by the accused.

“In the second incident, in tax year 2018, the defendant submitted a false corporate income tax return (CIT-14), with a calculated value of over $13 million. This claim resulted in improper tax liability and undue reimbursement to the defendant,” adds Senokoatsane.

It is alleged that the accused, who is registered as a vendor with SARS, was compelled to submit a value added tax rebate (tax returns), and on two occasions the taxpayer submitted two false returns. revenue, amounting to over R22 million.

OFM News