Property firm’s business rescue was ‘abuse of court process’

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The SCA labelled the move a ‘stratagem’, because the Family Trust ‘had no intention’ of seeing the business rescue finalised. Read more, by .tauriqmoosa:

Controversial businessperson Paul De Robillard— who the Revenue Service alleged had links to a tobacco-smuggling ring — and his family, have been criticised by the Supreme Court of Appeal for abusing the business rescue process to salvage their property company.

According to Sars, they tried to sell yachts and houses to avoid paying the company’s creditors and misled Sars about how the company would manage its affairs to avoid paying about R60m in tax. ... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

 

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Belgique Dernières Nouvelles, Belgique Actualités