Taxman targets the Krejcirs

Published Nov 15, 2013

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Johannesburg - Two properties owned by a company run by the wife of controversial businessman Radovan Krejcir have been interdicted.

A deed search on properties linked to Krejcir reveal that an interdict is in place on a Bedfordview property the businessman’s family live in, as well as another house in Bloemfontein worth R4 million.

Both houses are owned by Groep Twee Beleggings, a company whose sole director is Katerina Krejcirova - Krejcir’s wife.

Papers on the interdict on the Bedfordview property at the deeds office in Joburg reveal that the interdict has been put in place by Sars, and it is a caveat order. The house is worth R13 million.

However, Sars spokesman Adrian Lackay would not be drawn on the validity of this claim, saying “Sars cannot make public comments on the matter at this stage”.

“Sars has consistently held the position that it does not and cannot comment publicly on the affairs of any taxpayer regardless of whether it is a business, a trust or individual taxpayer.”

Taxpayer confidentiality is an obligation imposed on Sars explicitly by the Tax Act of 2011, among other pieces of legislation.

“Taxpayer confidentiality extends to whether or not a taxpayer is under investigation.

“Taxpayer confidentiality ends only when a matter is formally brought before a court of law, other than a tax court. It then becomes a matter for public record,” said Lackay.

A property caveat is defined as a legal restriction upon the use or sale of real estate.

It is a written notification or warning that someone has a legal interest in a property, that may have priority over the legal rights of anyone seeking to become new owners of a property or establish some other interest in it.

Attempts to get comment from Krejcirova proved fruitless, while Krejcir simply responded after several attempts to get comment that he “does not talk to media”.

It is not the first time Sars has looked at Krejcir.

A few months ago, the City Press reported that the taxman had an inquiry into Krejcir which allegedly found that he was part of a money-brokering network.

According to the paper’s sources, Krejcir’s worth in South Africa was about R130m and his tax bill would be about R100m.

In 2011, Sars confiscated a Lamborghini and a Ferrari owned by Krejcir.

The query about the Sars order comes days after an explosion at Krejcir’s Money Point business premises in Bedfordview.

Two men, both close associates of Krejcir, Ronny Bvuma and Czech national Jan Charvat, were killed.

Several others are being treated in hospital for their injuries.

Brigadier Neville Malila said on Thursday that police had concluded looking at the crime scene only on Thursday and no progress had yet been made on the investigation.

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