SOUTH AFRICA: 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 today.
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.