• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

Former Steinhoff chairperson implicated in tax evasion scheme

19 July 2018, 4:27 PM  |
SABC SABC |  @SABCNews
Steinhoff Former Chairperson, Christo Wiese is being investigated by SARS.

Steinhoff Former Chairperson, Christo Wiese is being investigated by SARS.

Steinhoff Former Chairperson, Christo Wiese is being investigated by SARS.

Image: SABC

Steinhoff Former Chairperson, Christo Wiese is being investigated by SARS.

International retail holding company Steinhoff’s former chairperson, Christo Wiese, has been implicated in a tax evasion scheme.

Investigative journalism team, AmaBhungane, has released a report detailing that South African Revenue Services (SARS) is investigating Wiese and three other people in a larger tax claim case, following the restructuring of Irish oil company, Tullow.

It is alleged that tax advisers at law firm, ENS, misled Wiese in the tax-dodging scheme in which transactions allowed Tullow to sell its African assets to an ENS-controlled firm so it could reportedly move its tax base to the Netherlands.

ENS then reportedly created a tax structure to help Tullow move assets worth R3.9 billion out of SA, avoiding taxes in the process.

SARS is now holding Wiese and two others liable for the R217 million asset.

“The Tullow restructuring had absolutely nothing to do with the Titan group. There is a R3.7 billion claim by SARS which, if it is valid, rose long before one of the small companies were sold to Titan by ENS. Titan then landed in a scrap with the receiver in an amount of R217 million. Its three individuals – and they cited me as one, and that matter is currently before the court. But, you have to draw the clear distinction between the R3.7 billion and R217 million dispute,” Wiese explains what he understands occurred with his Titan group.

Share article
Tags: SARSChristo WieseENSTullow
Previous Post

PAC calls on all expelled members to return back

Next Post

‘Parliament will not entertain Khoisan eviction stunt’

Related Posts

Post Office at a mall

Best option for Post Office is to be put under business rescue: Gungubele

6 June 2023, 4:40 PM
A person works at ''The Faktory", a fashion design and clothing manufacturing company in Johannesburg, South Africa, March 4, 2021.

SA economic growth at 0.4% for first quarter of 2023: Stats SA

6 June 2023, 2:22 PM

Western Cape launches booster fund to increase exports

6 June 2023, 12:44 PM
Karadeniz Powership Orhan Bey, an electricity-generating ship from Turkey, docked at the port of Jiyeh, south of Beirut, Lebanon August 10, 2017.

Karpowership contracts will be reduced from initial 20-year term: Ramokgopa

6 June 2023, 10:17 AM
Prasa Board Chairperson, Leonard Ramatlakane during an oversight visit at the reopened Naledi to Johannesburg train route on December 15, 2022.

Leonard Ramatlakane fired as Prasa’s board Chair

6 June 2023, 10:02 AM
Power lines are pictured during the sunset.

Eskom suspends rolling blackouts until 4pm

6 June 2023, 9:45 AM
Next Post
King of the Khoisan, Khoebaha Calvin Corneilius.

'Parliament will not entertain Khoisan eviction stunt'

Most Viewed

  • 24hrs
  • Week
  • Month
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Unisa suspends registrar for various breaches of policy
  • Slain teen Palesa Malatji’s family calls for death sentence to be reinstated
  • Limpopo district embroiled in fraudulent travel claims
  • Tina Joemat-Pettersson has passed away
  • Dr Nandipha’s looks during court appearances under the spotlight
  • Deadline for Zimbabwean Exemption Permits draws near
  • Reserve Bank expected to increase repo rate on Thursday
  • Zimbabwe receives 18 helicopters from Russian Federation
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Orlando Pirates player Thembinkosi Lorch found guilty of assault
  • Construction of softball stadium halted in Limpopo
  • Limpopo ANC PEC orders municipalities to recover lost public funds in VBS scandal
  • SA has lost a dedicated leader in Joemat-Pettersson: Ramaphosa
  • Hawks arrest seven suspects for alleged Raisethorpe boy kidnapping

LATEST

  • Uncategorized

Youth Month 2023


Former Real Madrid striker Karim Benzema
  • Sport

Benzema joins Saudi side Al Ittihad


Former South African President Jacob Zuma
  • Politics

Judgment expected in Downer/ Maughan application against Zuma’s private prosecution


A firefighter walks near cars damaged during a massive Russian drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine May 30, 2023.
  • Africa

African Peace Initiative for Ukraine/Russia war ready to depart: Ramaphosa


Manchester City manager Pep Guardiola
  • Sport

Man City must disregard history in Champions League final: Guardiola


A hand with the words STOP GBV
  • Sport

[Graphic content] Former Banyana player’s sister set alight allegedly by her boyfriend


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous PAC calls on all expelled members to return back
Next ‘Parliament will not entertain Khoisan eviction stunt’