A 62-year-old Durban man will spend the next seven years in prison for duping the SA Revenue Service into paying him R11.7m through fictitious tax returns in 2013.
Rabin Balmint was sentenced to seven years' imprisonment after he pleaded guilty to conning the SA Revenue Service out of R11.7m. Stock photo.A 62-year-old Durban man will spend the next seven years in prison for duping the SA Revenue Service into paying him R11.7m through fictitious tax returns in 2013.
“These were done by creating fictitious supplier invoices and he received a tax rebate of R9.7m. He also failed to pay VAT of R2m due to Sars by the company. He was caught after a Sars audit revealed the invoices were fictitious.”“Rambali told the court tax revenue is used to develop infrastructure and provide services to the poorest and most vulnerable in our country. She said Balmint’s dishonesty was fuelled by greed and had caused a substantial loss to the fiscus.
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