Ah Shene out on R8 000 bail

Shaun Ah Shene shortly after his arrest at his Parsons Hill home this morning (29/10/15).
Shaun Ah Shene shortly after his arrest at his Parsons Hill home this morning (29/10/15).

Well-known Port Elizabeth businessman and suspected gang leader Shaun Ah Shene (55) was released on R8 000 bail by the Port Elizabeth Magistrate’s Court where he appeared today (29/10/15).

Ah Shene was arrested at his Parsons Hill home this morning. According to police, he is  facing charges of fraud and contravention of the Tax Administration Act.

Ah Shene, the sole owner of Coral Blue Trading, allegedly evaded paying tax for over six years, thus defrauding the South African Revenue Services of over R2 million.  His 21 investment accounts, 13 fixed properties as well an undisclosed amount of money in his bank accounts have since been put under restraint.  Properties belonging to Virginia, Ah Shene’s wife, have also been frozen due to her interest in the communal property.

His case was postponed to 30 November 2015 to allow for further investigations.

– The Herald

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