South Africa: SARS big shot flagged for suspicious cash deposits
12 Sep 2016

The Sunday Times broke a big story on the weekend, revealing that cash payments of about R1.2-million have been deposited into the bank account of the man who is second-in-charge of the South African Revenue Service (SARS).

A bank regulator launched an investigation after flagging the payments as suspicious.

The payments into Jonas Makwakwa, the chief officer of business and individual taxes at Sars, are being investigated to determine whether they are “proceeds of crime arising from corrupt activities” or “acts of money laundering”.

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