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#VBS
#SARS’s Criminal and Illicit Economic Activities division traced stolen VBS money through two front companies into #EFF deputy leader #FloydShivambu’s FNB Private Wealth bank account.https://www.dailymaverick.co.za/article/2021-08-15-vbs-scandal-sars-demands-r28-2m-from-brian-shivambu-displays-clear-connection-to-floyd/ …
#FloydShivambu’s sustained charade of ‘fighting for the poor’ instead of robbing them is, for the first time, highlighted by a state institution in open court proceedings following #Sars investigation into his brother, Brian, and the missing #VBS millions.https://www.dailymaverick.co.za/article/2021-08-15-vbs-scandal-sars-demands-r28-2m-from-brian-shivambu-displays-clear-connection-to-floyd/ …
#Sars has slapped 2 companies of #BrianShivambu with a R28.2m tax bill. This eye-watering amount includes penalties because Shivambu attempted to evade paying tax for the periods 2017, 2018 and 2019.
Relates to Sgameka: https://www.google.co.za/amp/s/www.dailymaverick.co.za/article/2019-10-13-the-chronicles-of-grand-azania-part-two-floyd-shivambus-time-of-spending-dangerously/amp/ …
And Mahuna: https://www.google.co.za/amp/s/www.dailymaverick.co.za/article/2019-09-08-vbs-theft-money-laundering-lifes-little-luxuries-julius-malemas-time-of-spending-dangerously/amp/ …
#Brian Shivambu “defrauded” #VBS out of R16m, #SARS found. He “committed a criminal offence” by not declaring income tax & VAT – conduct which is regarded as “intentional tax evasion” – and, when contacted by SARS, he acted in an “obstructive” mannerhttps://www.dailymaverick.co.za/article/2021-08-15-vbs-scandal-sars-demands-r28-2m-from-brian-shivambu-displays-clear-connection-to-floyd/ …
Being dismissive of #SARS compounded #BrianShivambu’s problems. His conduct earned his companies 125% & 200% tax penalties, respectively. Companies are also hopelessly insolvent - so Sars brought 2 liquidation applications against filed at the High Court in Pretoria in July.pic.twitter.com/EQvCmxqklN
#VBS
#GrandAzania & #SgamekaProjects, #SARS told the court, “have been utilised by its director and only shareholder, #BrianShivambu, as the vehicles through which he defrauded the VBS Mutual Bank of approximately R16-million”.https://www.dailymaverick.co.za/article/2021-08-15-vbs-scandal-sars-demands-r28-2m-from-brian-shivambu-displays-clear-connection-to-floyd/ …
#VBS
These open court procedures include reams of tax assessments & bank statements in support of #SARS’ extensive investigation – including 6 months’ worth of bank statements from #FloydShivambu’s FNB Private Wealth bank account, dated 25 May to 24 Nov 2017.
We followed the 
:pic.twitter.com/1gbs8EbiXo
#Sars found #VBS loot flowed directly into #FloydShivambu’s FNB Private Wealth Bank account as well as in 2 #EFF bank accounts.
Also into #Mahuna, which I already analyses & described as #JuliusMalema’s front. (Sars papers about #BrianShivambu make no mention of #Malema)pic.twitter.com/5zW5xa3sCH
#FloydShivambu’s total income from 25May-24Nov2017 was just over R2.3m. This figure includes his parliamentary income of R260,448.85. Shivambu received a parliamentary salary of about R44,000 each month, plus 3 smaller ad hoc payments for which the reason is unclear.pic.twitter.com/IJNDdTUc4H
Nazo
Sars confirms that the Eff amd Fraud Shivambu received funds from two accounts that Brian Shivambu used to store his VBS loot.
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