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Ex-Square One chairman heads to court
Wednesday, 18 April 2012 00:00
Written by Nicola Mawson
The former chairman of liquidated Square One, Garth Coetser, will appear in court later this year on charges of tax fraud.
Coetser has been accused of defrauding the South African Revenue Service (SARS) through false value-added tax (VAT) claims. In May 2010, he handed himself over to police after finding out there was a warrant for his arrest.
Prosecutor advocate Marius Oosthuizen says Coetser’s case will go on trial in the South Gauteng High Court on 21 and 22 August. The case has taken some time to get to court after several postponements.
In 2010, Coetser and two other people were charged with defrauding the taxman by submitting fake VAT refund claims to the value of about R200 million. Payouts of about R150 million were made, before the alleged scam was uncovered.
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