- News has emerged that South African billionaire Christo Wiese is allegedly at the heart of a R3.9 billion tax evasion scheme
- The scheme is linked to major law firm ENSafrica and United Kingdom company Tullow Oil
- The accused parties all deny any truth behind the allegations
According to a reveal by investigative group AmaBungane, South African businessman Christo Wiese is guilty of tax evasion.
Playing along with Wiese in what SARS believe to be a scheme to abuse a complicated local tax break called a “participation exclusion”, is the UK based Tullow Oil and the law firm ENSafrica.
AmaBhungane have papers that show SARS is attempting to get R3.9 billion in penalties and taxes from Wiese. These taxes and penalties allegedly date back to 2007.
However, EWN reports that Wiese and the other implicated parties all deny any allegations of tax evasion.
ENSafrica allegedly developed a scheme to allow Tullow Oil firm to transfer roughly R3.9 billion out of South Africa and avoid paying taxes.
Briefly.co.za gathered that SARS is mostly keeping mum about the matter.
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