Durban man sentenced for defrauding SARS out of millions Updated
Nushera Soodyal
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A Durban man has been given a seven-year sentence after pleading guilty to defrauding SARS out of over R3 million.
It s understood 60-year-old Kaniga Chetty and another person entered into a scheme to defraud the revenue service by submitting fraudulent VAT claims.
Durban pensioner jailed for seven years for R3.6m VAT fraud
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A Durban pensioner who pleaded guilty to defrauding the South African Revenue Service (SARS) has been jailed for seven years.
Kaniga Chetty, 60, pleaded guilty to four counts of fraud, totalling approximately R3.6m in the Durban Regional Court.
According to Natasha Kara, from the National Prosecuting Authority (NPA) in KwaZulu-Natal, between July 2014 and April 2015 Chetty and another person entered into a scheme to defraud SARS by submitting fraudulent VAT claims under the name of Chetty’s dormant company, Targatrix (Pty) Ltd.
“Four returns were submitted claiming the refunds.
The Durban Regional Court sentenced Kaniga Chetty (60) to seven years imprisonment after he pleaded guilty to four counts of fraud, totalling to approximately R3.6 million.
National Prosecuting Authority (NPA) KZN spokesperson Natasha Kara said between July 2014 and April 2015, Chetty and another person entered into a scheme to defraud the South African Revenue Service (SARS) by submitting fraudulent VAT claims under the name of Chetty’s dormant company, Targatrix (Pty) Ltd. Four returns were submitted claiming the refunds.
Chetty was arrested after SARS detected the fraud while conducting a comprehensive VAT audit on the company.
Kara said the senior state advocate, Selvan Govender, told the court that tax fraud was a prevalent offence that affected society directly. He added that Chetty was in retirement and there was no need for him to involve himself in activities of this nature.
Hefty sentence for KZN man who defrauded SARS of more than R3m philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.