A Bloemfontein tax fraudster who defrauded South African Revenue Services (SARS) an amount of more than R2 million by submitting false income tax returns has been convicted for fraud and corruption.
The accused, Ntapeleng David Serame (45) appeared before the Bloemfontein Regional Court on Friday, 14 January where he was convicted for charged for fraud, corruption, money laundering and contravening the Tax Administration Act.
It is alleged that during the period from 2007 until 2009, Serame committed fraud and corruption through his close corporation in the procurement of goods for the Mangaung Local Municipality.
A total amount of R9 million was paid into the bank accounts of Iceberg Trading 542 cc, Snowline Trading 582 cc, Ka Rona Trading 536 cc, Seventh Avenue Trading 560 cc, and Senthati Trading cc which all belonging to Serame, for services that were not rendered.
The matter was then reported to the Hawks Serious Commercial Crime Investigation team based in Bloemfontein for further investigation. Serame was served with summons on the 26 June 2014.
He appeared in court on several occasions culminating in his recent conviction.
The case against Serame was granted R10 000 bail and has been remanded to Monday, 11 April.
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