R28 Million Tax evasion charges against ex parliamentarian

News South Africa

Tebogo Msimanga |

The matter of former Parliamentarian, Vincent Smith has been Postponed to 21 January 2022. The defence requested the state to provide them with a paginated docket after the final indictment was provided to them today.

Investigating Directorate spokesperson Sindisiwe Seboka said the charges now include tax fraud, money laundering, corruption and breach of the Financial Intelligence Centre Act. The tax fraud charges stem from Smith and Euroblitz’s failure to disclose taxable income from 09 March 2009 and 11 July 2018, totalling R28 Million.

Smith stands accused in his capacity as well as representative capacity for his company Euroblitz 48 Pty Ltd. “He is charged with corruption for the bribes he received from BOSASA in the form of security upgrades to his Gauteng home.”

He further faces corruption charges by accepting gratifications from Waterfall Golf Estate (Pty) Ltd and CLIDET 69 (PTY) LTD.

Seboka added that Smith also faces charges for accepting cash transferred into his bank account and his company from BOSASA and other people unknown to the state.

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