Zuma broke Income Tax Act: State

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The state alleges that former President Jacob Zuma contravened the Income Tax Act for allegedly making false statements in his income tax returns and failed to show his gross income when he filed his tax returns.

The former President alongside the French company Thint Holdings will appear in the Durban High court next week on charges of fraud, money laundering and racketeering.

According to the indictment, Zuma was allegedly paid more than R4 million by Shabir Shaik’s cash strapped company Nkobi Group between 1999 and 2005.

The state says though Shaik’s company records say payments made to the former President were recorded as loans, however Zuma did not make any repayments to such alleged loans.

The state argues that this money was a bribe solicited by Shaik’s company on behalf of Zuma in exchange of his political influence in the procurement of the multi-million rand arms deal.

The state further alleges that in the year 2000, Zuma needed funds to build his Nkandla homestead and the alleged bribe money solicited by Shaik was to be used for the project.