Sars illegally paid Guptas R420 million, kept them in money laundering business

Tom Moyane at a press briefing in Johannesburg. Picture: Kayleen Morgan/EWN

We have proof… we’re not wondering or guessing… Sars, under Tom Moyane and Refiloe Mokoena, who is still at Sars, allowed itself to be part of a money laundering ring. It’s as simple as that.

Pauli van Wyk, Scorpio at Daily Maverick

The South African Revenue Service (Sars) unlawfully paid, at least, R420-million in tax refunds claimed by Gupta companies into an attorneys trust account, to a shelf company and a dodgy entrepreneur who was once involved in business with Tom Moyane’s nephew.

That is according to an explosive article published on Wednesday by investigative journalists Pauli van Wyk (Scorpio at Daily Maverick) and Kyle Cowan (News24).

All this occurred when Bank of Baroda was dumping Gupta accounts because they could no longer hide or stomach the Guptas’ money laundering.

It's how Sars kept the Guptas in the money laundering business after the banks they abused deserted them.

Luckily for South Africa, but not so much for the Guptas & Co, one significant person at Sars – Mark Kingon (now acting Commissioner) - was not compromised and did the right thing.

For more detail; listen to Bruce Whitfield’s interview of Van Wyk on The Money Show.

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our mailing list

* indicates required

Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela – once as rich as Norway – is suffering an apocalyptic collapse without precedent.

4 tips for safely investing right now when everything is so hectic

4 tips for safely investing right now when everything is so hectic

Bruce Whitfield asks Personal Financial Advisor Warren Ingram for advice on how investors can safely navigate this hectic time.

Daily Maverick – pivotal to democracy (e.g. #GuptaLeaks) – asks for a donation

Daily Maverick – pivotal to democracy (e.g. #GuptaLeaks) – asks for a donation

The Money Show’s Bruce Whitfield interviews Daily Maverick Publisher Styli Charalambous.

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigative Journalist Craig McKune.

Read all the #GuptaLeaks? Ain't nobody got time for that! Here’s a summary…

Read all the #GuptaLeaks? Ain't nobody got time for that! Here’s a summary…

The Money Show’s Bruce Whitfield asks an amaBhungane investigator to summarise revelations from the “gift” that keeps on giving.

355 pages of State Capture? Ain't nobody got time for that! Let’s unpack…

355 pages of State Capture? Ain't nobody got time for that! Let’s unpack…

"The key takeout is that Jacob Zuma failed to act. He therefore may have broken the Prevention of Corruption Act..."

Popular articles
Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

[WATCH] Dad uses a drone to pull out son's tooth

[WATCH] Dad uses a drone to pull out son's tooth

Khabazela shares YouTube videos gone viral including a barmaid hitting a colleague who slapped her rear during a routine.

'There is no way Magnus Malan could've done the things he is accused of'

'There is no way Magnus Malan could've done the things he is accused of'

Former police minister Adriaan Vlok has rejected accusations that former minister Malan was at the centre of a paedophile ring.

[Listen] Lottery responds to Tshepo's fraud claims

[Listen] Lottery responds to Tshepo's fraud claims

Philemon Letwaba says Tshepo's case relates to some of the issues that they are dealing with on a daily basis.

[WATCH] Kid goes from 'be a fart machine at work' to 'I love you dad'

[WATCH] Kid goes from 'be a fart machine at work' to 'I love you dad'

Khabazela shares tweets & videos that have gone viral including a parrot that told firefighters the F-word during its rescue.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.