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COMPANY OWNER BUST FOR ALLEGED TAX FRAUD: MPUMALANGA
2021/09/16      |  Written By:  Colonel K Mogale   |   Province:  Mpumalanga

MPUMALANGA – Sibusiso Simon Mlambo (37) a sole owner of the Sbu Mlambo (PTY) Ltd was yesterday, 15 September 2021 released on bail by the Nelspruit Magistrates’ Court. He was charged for fraud, theft alternatively contravention of the Tax Administration Act.

Mlambo was arrested by the Hawks’ Commercial Crime Investigation after a warrant for his arrest was issued. It is alleged that Mlambo submitted fictitious tax returns to the South African Revenue Services (SARS) during the 2020 tax season on behalf of his company. SARS suffered an actual loss of R230 000.

The accused appeared in court yesterday, the same day of his arrest and was released on a R2000 bail. The matter was postponed to 29 September 2021 for legal representation.