The liquidator and the taxman

The liquidator and the taxman

Believe it or not SARS has been losing out.

The liquidation industry is one big racket: creditors get very little and the liquidator lines his pockets and those of his favourite attorneys, auctioneers and other agents. The taxman is usually the company's biggest creditor, but SARS is woefully inept at looking after its own interests and loses billions each year through liquidation fraud.

Here follows the case of liquidator, Enver Motala and John Bredenkamp and the voluntary liquidation of Masters International Tobacco manufacturing (Pty) Ltd...

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