A 70-year-old Bloemfontein businessman is expected to appear in the local magistrate’s court today in connection with fraud and money laundering that resulted in SARS suffering a loss of R70m.

Bloemfontein Courant reports that, according to Warrant Officer Fikiswa Matoti from the Hawks, it is alleged that during the tax period between 2016 and 2024, the suspect, who is a custodian representing the family trust, contravened Section 234(2)(d) and Section 234(2) read with Section 66(1) of the Tax Administration Act 28 of 2011, for non-compliance and failure to submit Value Added Tax, Trust Income Tax, and Income Tax returns.

Matoti said a case docket was registered and the matter was handed over to the Hawks’ Serious Commercial Crime Investigation in Bloemfontein for further investigation.

“The suspect was served with summons on March 24.”

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