At least R4.5 billion was seemingly channelled to a single Dubai entity, largely by players in the gold and tobacco industries. Part of this appeared to involve a bizarre scheme of circular money flows based on fictitious gold trading, which, barring an innocent explanation, could signify a truly audacious VAT scam.
- News24 Business front page .
Recap In Parts One and Two of this series we saw how illicit gold seemingly made its way through a system winding all the way from the Reserve Bank s Krugerrand subsidiary through a coin-dealing pastor to exporting refineries, allegedly in service of a huge tax scam.
The next stop is Dubai and, the evidence suggests, a vast money laundering network with one mission in particular sending huge sums to an entity called Aulion Global Trading this time seemingly involving entirely fictitious gold.
When recently retired Chief Justice Raymond Zondo presided over the sprawling Commission of Inquiry into Allegations of State Capture, a brief and easily overlooked appearance was made by one Kalandra Viljoen, nominal owner and manager of Asset Movement Financial Services AMFS.
This cash-in-transit company, which did a suspiciously large amount of business simply making electronic payments between third parties, had been the conduit for about R4 million leached out of airline SA Express via a company named Koreneka .
