Crous’s luxury lifestyle over

Nomahlubi Jordaan

CONTROVERSIAL businessman Theunis Crous is a step closer to losing his luxury houses and cars, after the Port Elizabeth High Court granted the Asset Forfeiture Unit (AFU) an order to freeze his assets yesterday.

It is unclear, however, which of his assets will be left for the unit, after it learnt Crous had been sequestrated earlier this year by First National Bank.

The AFU headed to court in a bid to gain an order restraining Crous’s houses and cars after he, together with his business partner in Ho Hup Construction, Almero Pienaar, were criminally charged with tax fraud last year.

The charges follow a major tax probe by the South African Revenue Service (SARS). Crous and Pienaar are accused of claiming false VAT refunds between 2010 and 2011 for Ho Hup, which prompted SARS to pay the company R3.6-million.

Pienaar’s assets, including a house, a car, furniture and two lots of business interests, were also frozen yesterday.

 

For the full story read The Herald, or get the complete newspaper, including comics, classifieds, crosswords and back editions in our e-Edition

Leave a Reply