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Agliotti: I will challenge Sars

Glenn Agliotti says Sars is wasting taxpayer's money by going after something that doesn't exist.

Glenn Agliotti says Sars is wasting taxpayer's money by going after something that doesn't exist. Picture: Werner Beukes/SAPA

JOHANNESBURG - Businessman Glenn Agliotti has discarded accusations by the South African Revenue Service (Sars) that he has money stashed in offshore accounts.

According to an application filed in October last year, Sars believes Agliotti stashed funds in European bank accounts in Geneva and Guernsey.

Speaking to Talk at 9 Agliotti said, "I think Sars investigators had to make a political statement and I'd like to tell them they are wasting their time in trying to find something which isn't there. This investigation will cost the taxpayer a lot of money."

The businessman, who says he believes Sars is the only South African government body that works efficiently, insists the service has, however, failed in this case.

"I respect Sars, but I don't think it's treated this incident correctly and I will challenge it."

Agliotti has labelled the accusations as "ludicrous".

"I divulged everything to them and the money in Geneva was appropriated back to South Africa and the account was closed. There is nothing offshore."

Agliotti maintained his innocence and said Sars investigators are only going after him because he's "back at the top again".

The businessman was the main suspect in mining magnate Brett Kebble's murder trial, but was cleared of all charges in November 2010.

Meanwhile, Eyewitness News learnt Sars has also obtained judgments against the three self-confessed killers of Kebble and is rolling out sequestration applications against them.