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Three accused of fraud have been granted bail.
Three directors of companies accused of fraud and money laundering have been granted R3000 bail each by Mmabatho Magistrates’ Court in Mahikeng in the North West.
Thapelo Mothibi, Lerato Rapetsoa and Benjamin Kgatle will appear again on October 14th.
They are accused of defrauding SARS by submitting fraudulent VAT returns through companies registered as taxpayers.
It is alleged that Mothibi and his accountant, acting on behalf of Boselse Bakamoso Trading Enterprise, submitted fraudulent returns to SARS via e-filing and claimed over R2 million.
Rapetsoa and Kgatle are alleged to have been recipients of proceeds from the unlawful activity, together receiving more than R800,000.
Investigations further revealed that once SARS transferred the fraudulent claim amounts to Boselse Bakamoso Trading, Mothibi redirected the funds to his account and bank accounts belonging to Rapetsoa, Kgatle, and others.
The funds were allegedly spent on personal items unrelated to the company’s business.
