Bouncing rates scam


Bouncing rates scam

At last – major clean-up looms in Joburg administration.

An elaborate property rates scam operating out of the City of Johannesburg’s rates department has allowed  the rich and connected not only to avoid having to pay municipal rates on their high-value properties, but even to milk the system for cash refunds to which they are not entitled. These frauds effectively leave the owners of lower-value properties to carry the city’s tax burden.

The discovery could finally result in a major clean-up in the city’s administration.

Besides allegedly rigging property valuations and rates assessments, the frauds are alleged to have extended to manipulating bills, illegally transferring properties and an “insider system” whereby ratepayers were allegedly required to pay staff – from low-level messengers to managers – “costs” to accelerate a “billing correction” that would make a rates debt “go away” or, better still, generate a generous refund to the ratepayer.

The gritty facts are detailed in a 52-page forensic report

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Keywords:
Georgiou
Rebosis Property Fund
Property valuations
Brian de Quian
Asia Sewing Machines
Mohamed Essack
African Star Grain and Milling
Mbali Maclare
KwaZimbali (Pty) Ltd
Fradreck Shoko
Acha Leke
valuations scandal
property valuation fraud
Johannesburg City Council
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