IOL Durban businessman Thoshan Panday is due back in court. Picture: Supplied
Image: Picture: Supplied
Durban businessman Thoshan Panday is expected in the Durban Magistrate's Court on Thursday.
He is expected to make an application for the relaxation of his bail conditions.
Panday is out on R100,000 bail.
He is facing criminal charges in two cases.
In the most recent case, Panday was arrested on September 5, 2024 following tax fraud allegations.
He is accused of defrauding the South African Revenue Services (SARS) of R7.3 million.
Panday faces 27 counts of fraud related to VAT and income tax.
The Investigating Directorate Against Corruption (IDAC) said after it had extended its investigations into the tax compliance of the entities controlled by Panday, tax investigations conducted by SARS revealed that declarations made in the tax returns were false.
“It is alleged that SARS had suffered prejudice in the amount of approximately R7.3 million as a result of these false tax declarations,” said spokesperson Henry Mamothame.
He was finally granted bail in December 2024.
In a separate matter, Panday is among nine accused currently appearing in the Durban High Court on fraud and corruption charges pertaining to the 2010 Soccer World Cup.
The state alleges that he was effectively in control of several entities which had received payments from the South African Police Services (SAPS) amounting to approximately R47 million, owing to a corrupt relationship formed with members of the Supply Chain Management Division of the SAPS.
The accused include his wife, mother and former provincial commissioner, Lieutenant General Mmamonye Ngobeni.
He is also out on R100,000 bail in this matter.
IOL News
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