Malema to oppose sequestration request
Court papers say Malema is factually insolvent and cannot pay his R16m debt to SARS.
JOHANNESBURG - Julius Malema's lawyers on Thursday said they were briefed to oppose an application for his sequestration brought on by the South African Revenue Service (SARS).
SARS filed papers in the North Gauteng High Court this week applying for the Malema's sequestration as he owes the taxman R16 million.
The court papers paint Malema as a man who is factually insolvent and in no position to settle his debt.
If SARS succeeds, it could mean Malema all of his assets and properties would be placed under curatorship and auctioned off.
He has until mid-February to decide whether he will oppose the application.
But Malema's lawyer Nicqui Galaktiou said they would be opposing the application.
BACK TO LIMPOPO
Millions of rands were allegedly channelled through Malema's Ratanang Family Trust and it's claimed he was linked to companies who benefitted from contracts with the Limpopo provincial government.
In September, Limpopo businessman Lesiba Gwangwa, who is a close Malema ally, had his assets seized due to unpaid taxes.
The National Prosecuting Authority (NPA) revealed that a Limpopo farm belonging to Malema and Gwangwa was also seized after detectives found that it was bought with illegally-acquired funds.
Malema is also facing money laundering charges together with Gwangwa and fellow associate Kagisho Dichabe.
NPA spokesperson Medupe Simasiku said the amount of money in Malema's Ratanang Family Trust, which is named after his son, totalled R3.9 million from four separate deposits made.
He said investigations into alleged corruption committed by the former youth leader and his associates could uncover even more irregularities.
Malema faces 51 counts of corruption, money laundering and racketeering.