Investigation of Jonas Makwakwa is almost done, SARS says
Makwakwa, a SARS executive, was found to have made cash deposits into his bank accounts amounting to R1.3m, which he said were from a taxi and stokvel business
The protracted process of investigating suspended South African Revenue Service (SARS) executive Jonas Makwakwa is nearing an end, Parliament’s standing committee on finance heard on Wednesday. The disciplinary hearing against Makwakwa, who has been on suspension for about a year, took place in July and August. SARS has filed its closing arguments and Makwakwa was scheduled to file his closing arguments this week. It will then be up to the chairperson of the disciplinary committee to make a decision, SARS chief officer of human capital and development Teboho Mokoena told MPs. Suspicious transactions implicating Makwakwa were reported to SARS commissioner Tom Moyane by the Financial Intelligence Centre in May 2016. He was found to have made cash deposits into his bank accounts amounting to R1.3m. Makwakwa said the money was from a taxi and stokvel business. The matter was investigated by law firm Hogan Lovells. Mokoena said that Makwakwa had asked to be paid a bonus but this was refu...
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