Clifford Phil Koloqwile Director of Princino Trading Enterprise (pty) Ltd, Charmaine Koloqwile director of Maestro Art cc and two other beneficiaries were charged with fraud, theft and money laundering.
It is alleged that both directors of the mentioned companies claimed false Pay As You Earn (PAYE) Tax credits on corporate Income Tax returns to South Africa Revenue Service (SARS) on two occasions, with the intention of obtaining undue refunds.
The company suffered a loss of R544 885.69 and R328 478.30 which was transferred from the business accounts to the personal accounts of the accused in the two incidents.
Their case was postponed on the 16 May 2023 by the Specialised Commercial Crimes court to Monday 29 May 2023 for pre-trial conference.
Trial date to be set on the next court date.
