Malema's financial woes not over
Julius Malema could be declared incapable of administering his own financial affairs.
JOHANNESBURG - Eyewitness News understands that it was the non-disclosure of Julius Malema's Ratanang Family Trust which prompted the South African Revenue Services (Sars) to apply for sequestration.
The details are contained in papers filed in the North Gauteng High Court.
The Economic Freedom Front (EFF) leader could be declared incapable of administering his own financial affairs.
Sars states in the papers that the Ratanang Trust was created as a family trust and would expect transactions to be of that nature.
But evidence shows a large number of cash deposits spent on Malema's personal expenses.
The revenue service says the trust was merely a conduit to fund Malema's lifestyle.
It is also the subject of the politician's criminal prosecution.
The state alleges that kickbacks for contracts were paid into the trust, which has shares in On-Point Engineering, the company at the centre of the Limpopo Province tender scandal.
At the same time, Sars has confirmed the sequestration application against Malema will be going ahead unopposed.
The matter will be in court next month.