{"id":35927,"date":"2022-08-26T18:23:40","date_gmt":"2022-08-26T18:23:40","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/court-freezes-gold-leaf-tobacco-assets-amid-sars-tax-avoidance-probe"},"modified":"2022-08-26T18:41:35","modified_gmt":"2022-08-26T18:41:35","slug":"court-freezes-gold-leaf-tobacco-assets-amid-sars-tax-avoidance-probe","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/court-freezes-gold-leaf-tobacco-assets-amid-sars-tax-avoidance-probe","title":{"rendered":"Court freezes Gold Leaf Tobacco assets amid SARS tax avoidance probe"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>The SA Revenue Service has secured a preservation order against the Gold Leaf Tobacco Corporation and its directors, Simon Rudland and Ebrahim Adamjee.<\/p>\n<p>The order, which was granted by the North Gauteng High Court, blocks the tobacco producer and its directors from selling any of their assets while the tax agency continues with a probe into tax avoidance.<\/p>\n<p>&#8220;The conduct of non-compliant taxpayers is depriving government of legitimate resources to the prejudice of both the state and the South African public,&#8221; said SARS Commissioner Edward Kieswetter in a statement.<\/p>\n<p>&#8220;In aggressively addressing this scourge, SARS will continue to pursue its mandate without fear, favour or prejudice.&#8221;<\/p>\n<p>According to the Daily Maverick, SARS investigators told the court they had evidence that Gold Leaf was involved in money laundering and may owe up to R3 billion in undeclared income tax and VAT, and other taxes.<\/p>\n<p>The publication reported that SARS asked the court to freeze Rudland and Adamjee\u2019s assets as well, as Gold Leaf&#8217;s assets alone did not cover its possible debt to SARS. The two directors denied any wrongdoing.<\/p>\n<p>Yusuf Abramjee, the founder Tax Justice SA, said the preservation order was a &#8220;huge breakthrough in the battle against the illicit cigarette trade&#8221;.<\/p>\n<p>&#8220;For over a decade, GLTC have been the prime suspects as South Africa\u2019s illegal cigarette trade has grown into a national menace of devastating proportions,&#8221; he said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. The SA Revenue Service has secured a preservation order against the Gold Leaf Tobacco Corporation and its directors, Simon Rudland and Ebrahim Adamjee. The order, which was granted by the North Gauteng High Court, blocks the tobacco producer and its directors from selling any of their assets while the tax agency continues [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":35926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,3149,1151,275,1685],"class_list":["post-35927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-gold-leaf-tobacco","tag-sars","tag-south-africa-2","tag-tobacco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Court freezes Gold Leaf Tobacco assets amid SARS tax avoidance probe - South Africa<\/title>\n<meta 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