Couple granted R10 000 bail each for fraud, theft and money laundering

South African Police Service

Couple granted R10 000 bail each for fraud, theft and money laundering
Couple granted R10 000 bail each for fraud, theft and money laundering

Busisiwe Prudence Nkosi (35) and Simangaliso Ennocent Khoza (36) appeared before the Nelspruit Magistrate’s Court on Friday, 20 November 2020, after they were arrested on Thursday and Friday respectively. The couple were arrested by members of the Hawks Serious Commercial Crime Investigation for alleged tax evasion.

The sole Director of Madam and Eve General Trading Prudence Nkosi was charged in connection with fraud, theft and money laundering in contraventions of the Prevention of Organised Crime Act as well as the provisions of the Tax Administration Act.

The Hawks investigation has revealed that during April 2017, Nkosi fraudulently submitted false tax returns to the South African Revenue Services (SARS), culminating in SARS losing an amount of approximately R2.2-million.

After she received the money, in a futile attempt to cover her tracks, she reportedly transferred the money into her personal bank account and in the bank account of her husband Khoza.

The couple were granted R10 000 each bail. The case is postponed to 2 December 2020 for specialised Prosecutor.

SAPS Newsroom

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