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Fri Sep 19 17:54:04 SAST 2014

Malema 'hides' valuables: report

Sapa | 24 February, 2013 09:34
Suspended African National Congress Youth League President Julius Malema.
Image by: � SIPHIWE SIBEKO / Reuters / Reuters

Expelled ANC Youth League president Julius Malema may have hidden some of his assets to prevent them from being sold at auction to recoup tax debt, it was reported on Sunday.

The Sunday Independent reported that Malema's household contents were auctioned in Polokwane in Friday for R54,000, which was about a fifth of the value of his Breitling watch.

The SA Revenue Service (Sars) is trying to recover R16 million, which it claims Malema owes in tax, following business dealings it alleges were incompatible with his tax declarations.

According to the newspaper, it reported in January that Malema had spent R291,000 on clothes at an Italian boutique store and more than R31,000 on Louis Vuitton designer clothes according to an audit by PwC.

It reported that Malema's watch and designer clothes were not seen at the auction. Assets which were auctioned included a piano, fridges, a wall unit, television sets and flower tables.

The Sunday Sun reported that the piano was bought for R9300 by Norman Motaung. "I didn't buy it because of the previous owner," he told the newspaper.

A former friend of Malema's, Boy Mamabolo, bought a mirror for R300. He told the newspaper Malema had promised to give him the mirror in 2009 but had changed his mind.

"I'm helping Sars to collect its money. But I'm disappointed that the Pioneer music mixer is going back to Juju [Malema] -- because his bodyguard bought it," Mamabolo told the Sunday Sun.

The Sunday Sun reported that many people were disappointed at the assets that were on sale.

"According to the sheriff, some people were not happy with the state that the items were in," Sars spokesman Adrian Lackay told the Sunday Independent.

"The sheriff will have written up an inventory of everything. So we are confident that all attempts to get around the administration of justice will be futile," he said.

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Fri Sep 19 17:54:04 SAST 2014 ::