Sars might seize Teasers empire
Slain Teazers boss Lolly Jackson’s assets might be seized to pay off a R100m Sars debt.
JOHANNESBURG - It appears Teazers Founder Lolly Jackson's estate might soon suffer the same fate as Julius Malema's Sandton mansion because of money owed to the taxman.
The North Gauteng High Court has granted the South African Revenue Service (Sars) the right to assign curators to start valuing Jackson's assets.
The deceased strip king owes more than R100 million in taxes.
Jackson was murdered in 2010 in an apparent hit at a house in Kempton Park and claims to his estate have come from all sides, including Czech businessman, Radovan Krejcir.
Sars Adrian Lackay said the court gave the revenue service the right to start valuing Jackson's assets on 26 April.
"The estate owes us more than R100 million in outstanding taxes and these tax debts are made up of a number of companies, some of which are still operational who over the years have built up substantial tax debts individually."
Lackay said the process was now in an advanced stage and it won't be long before Jackson's estate goes under the hammer.
But it remains unclear whether the strip king's Teazers legacy will be no more if the franchises themselves are seized by Sars.
"JACKSON OWED ME MONEY"
A company owned by Czech fugitive and businessman Radovan Krejcir in June last year reportedly claimed close to R9 million from Jackson's estate.
Krejcir was fighting extradition to his home country where he was convicted on fraud and corruption charges at the same time.
The Saturday Star reported the company went to court saying Jackson borrowed the money and signed an agreement of debt in 2010.
The loan was due to be repaid in February 2012.
But, in an answering affidavit, Jackson's widow Demi apparently called the agreement a forgery and said the deal was concluded as part of a sham transaction involving a money laundering scheme set up between Jackson and Krejcir.
Jackson's alleged killer George Louka is fingered as the middleman in the scheme.
JACKSON'S MURDER ACCUSED
Officials believe George Louka (alias: George Smith) was behind Jackson's attack.
In May 2010, police received a call from Louka allegedly confessing to Jackson's murder.
He then gave police the location of the murder scene.
Louka was arrested after he fleeing to Cyprus in March last year, it is understood the arrest was made at the request of South African authorities.
A Cyprus court then ruled that Louka had to return to South Africa to face murder charges.
Louka had two weeks to appeal his extradition order.