Days before R1.26-billion in frozen funds was due to be released to Gupta-linked Chinese rail group CRRC, the Pretoria High Court on Tuesday handed down an order that the monies remain frozen until the company provides a bank guarantee for the same amount to the South African Revenue Service .
The Reserve Bank later blocked additional amounts, which currently stand at a total of R4.2-billion, but the initial tranche of R1.26-billion was due to be released this coming Saturday, 12 December under a rule that funds must be unfrozen after 36 months. AmaBhungane understands that SARS asked for this amount to be ringfenced based on a preliminary assessment of the company’s tax bill. Although the 36-month period for freezing the remainder of the R4.2-billion frozen by the Reserve Bank is not due to expire any time soon, the bank could decide to unfreeze the money before that time.
Excellent
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
MARKET WRAP: Rand flat as bonds weaken ahead of Ramaphosa updateStats SA data shows total employment in the fourth quarter of 2020 dropped 5.8% year on year
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »