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The state capture commission wants that money to be added to the R280 million in public money that flowed to the Guptas from the Free State government.
Atul Gupta. Image: AFP
JOHANNESBURG – The state capture commission has heard how the Gupta company fraudulently claimed and was paid R9 million in tax refunds.
He wants that money to be added to the R280 million of public money that flowed to the Guptas from the Free State government.
READ MORE: ‘Companies like Estina paid millions of dollars to Gupta offshore companies’
Forensic firm Shadow World Investigations investigator Paul Holden presented evidence on refunds on Friday between transactions in Estina’s cash flow.
Holden said that part of the R280 million that Free State paid Estina was used to obtain loans abroad and was only repaid to buy the dairy equipment it was intended for when suspicions arose.
“One is to make it difficult to trace the funds and the second is to break the link with Estina and the government of the Free State.”
ALSO READ: Zondo Hears How Transactions In Estina’s Looting Used To Cover Laundering Traces
Among the transactions the commission focuses on are tax refunds from the South African Revenue Service in the amount of R9 million.
Evidence Leader Matthew Chaskalson explained: “R64 million of the VAT costs that Estina claimed from Sars were claimed in respect of fraudulent invoices, so these R9 million can be added to the public funds that the Guptas obtained from the Estina company “.
The commission said the National Tax Authority obtained some of the records through mutual legal assistance from the UAE.
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