Sars investigator tells Estina trial of million-dollar transactions: According to Swart, an invoice from Gateway Ltd of $3,448,800 was used to make an application to Standard Bank to transfer money out of the country.
The state's first witness in the R37.7m fraud case involving two alleged Gupta associates testified that during his investigations he noticed that Estina had made payments through an authorised dealer with a shortfall of $100,000.
Sars investigator Piet Swart told the court he had established that Estina had approached Standard Bank, its authorised dealer, with an invoice making an application to send money to Gateway Ltd in the UAE. According to the state, the company is duly registered in accordance with South African law and represented by Vasram, who was the sole director and shareholder.
The state also alleges that the goods imported were falsely declared as new and valued at $3,448,800 . He told the court that he went to obtain a statement from the person who took the photographs. A request was also made to the Indian customs authority.
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