By Sandile Nkambule | 2022-01-15
Member of Parliament, who doubles as a businessman, Roy Douglas Nicolas Fanourakis and his company has been arrested and charged for money laundering and contravening the Income Tax Order.
The Mtfongwaneni MP was arrested by the Manzini police under the Fraud and Commercial Crimes Unit on Thursday.
According to the charge sheet, the legislator, who also heads one of the portfolio committees in the august House and his company which has been cited as the second accused, was slapped with a total of eight counts.
On the first count the legislator and the company were charged with contravening Section 4 (1) as read with Sections 76 and 89 (1) (a) of the Money Laundering and Financing of Terrorism Act (Prevention) Act of 2011 as amended in that on or about the tax years 2014 to 2020 at or near Manzini, being the director of accused number two (Unionlet Property Limited), he did unlawfully filed returns declaring that the company had not received any income during that period.
The charge sheet states that by doing so he under declared the gross income received whereas the company had received income totalling E226 686 318.43 and thus enabling the company to evade payment of income tax which had been so received which he used a portion knowing very well that such income should have been subjected to payment of income tax to Eswatini Revenue Service (ERS).
On count two, the MP and the company were charged for contravening the same Act in that he did unlawfully, illegally and with intent during the tax year 2014 at or near Manzini, the accused each or both of them acting jointly in furtherance of a common purpose, did unlawfully and intentionally make or cause to be a false statement of entry in a return prepared or rendered by the first accused (Fanourakis) on behalf of the second accused (company) to ERS by declaring that the company had not received any gross income (a nil return) while the company had received a gross income of E21 667 125.19, thus evaded assessment or taxation.
Meanwhile, on the other counts, he was charged with contravening the Income Tax Order for making false statements and under declaring that his company had not received gross income for the year 2015 yet company had received income amounting to E41 119 485. 46, thus evading tax.
For the period 2016, he received E36 million, for the period 2017 he received E23 million, for the period 2018 he received E58 million, for the period 2019 he received E18 million and for the period 2020 he received E2 million as he under declared that the company had an income of E300 000 that year.
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