National Prosecuting Authority spokesperson Eric Ntabazalila said Modack, his mother Ruwaida, younger brother Yaseen, and SA Revenue Service employee Faried van der Schyff appeared in court on Wednesday on charges of racketeering, fraud, money laundering, uttering and contravention of the VAT Act. They were joined by Bashier Syce, Nadia Said, Dominique McLachlan and Kulsum van der Schyff.
“The scheme entailed the submission of false information via the e-filing system, initially on VAT returns and subsequently on documents which purported to substantiate the claims. The bimonthly VAT201 returns of the entities were filed via e-filing,” he said. “Where VAT refunds were paid into the bank account of a particular VAT vendor, the monies were quickly transferred to various other bank accounts effectively concealing the source thereof,” said Ntabazalila.
Ntabazalila said the case was postponed to November 22 for the accused to sort out legal representation and to request further particulars.Van der Schyff and Nafiz Modack were remanded in custody. Van der Schyff will apply for bail on November 3 2021.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alleged underworld boss Nafiz Modack slapped with tax fraud chargesAlleged Cape Town underworld boss Nafiz Modack appeared in court on Wednesday on charges of racketeering, fraud, money laundering, uttering and contravention of the VAT Act.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Nafiz Modack and seven others arrested by the Hawks for alleged false Sars refunds amounting to millionsAlleged underworld figure Nafiz Modack, who is facing a string of charges including the murder of Anti-Gang Unit commander Lieutenant-Colonel Charl Kinnear, has now been arrested by the Hawks, along with relatives of his, for apparent false tax returns amounting to millions of rand. I thought he was already in jail😓 The big dog 🐕
Source: IOL - 🏆 46. / 51 Read more »
Alleged underworld boss Nafiz Modack slapped with tax fraud chargesAlleged Cape Town underworld boss Nafiz Modack appeared in court on Wednesday on charges of racketeering, fraud, money laundering, uttering and contravention of the VAT Act.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Nafiz Modack and seven others arrested by the Hawks for alleged false Sars refunds amounting to millionsAlleged underworld figure Nafiz Modack, who is facing a string of charges including the murder of Anti-Gang Unit commander Lieutenant-Colonel Charl Kinnear, has now been arrested by the Hawks, along with relatives of his, for apparent false tax returns amounting to millions of rand. I thought he was already in jail😓 The big dog 🐕
Source: IOL - 🏆 46. / 51 Read more »
Basic income grant ‘will reduce poverty and hunger, but won’t lead to growth’In the medium term the only reliable revenue source for the grant would be personal income tax or value-added tax, or a combination of both, Wits academic Michael Sachs says It won't create any jobs... Why give a person a fish, rather teach him how to catch 1. We need skills not free money
Source: BDliveSA - 🏆 12. / 63 Read more »
More time in jail as bail hearing for alleged Black Axe members postponedLawyers for the eight alleged members of Nigerian organised crime syndicate Black Axe are trying to get their clients bail, arguing that their alleged crimes are not so serious. Wow not so serious. The FBI should take them Don't let them loose Maybe in Nigeria
Source: TimesLIVE - 🏆 28. / 59 Read more »