Smoking Gun: Tobacco tycoon's tussle with tax authority unravels

Loading player...
The year ended badly for Julius Malema funder - and alleged cigarette smuggling kingpin - Adriano Mazzotti. His Carnilinx was among a group of tobacco manufacturers that failed in their urgent bid to interdict SARS against installing CCTV cameras at their warehouses. In his reaction, Tax Justice South Africa’s Yusuf Abramjee calls on the Fair Trade Independent Tobacco Association (FITA) to come clean on what they have to hide. He also speaks to BizNews about the modus operandi of the big crime syndicates; some of their tax avoidance tricks; the lack of law enforcement against the crime lords; the lifestyle of the kingpins; and Dubai as a hub of criminal operations - and a destination of choice for fugitives from the law. - Chris Steyn
4 Jan 2024 5AM English South Africa Investing · Business News

Other recent episodes

Andy Calitz on Eskom, the job he didn't get, and what came next

He was on the shortlist to run Eskom and lost out to André de Ruyter. Years later, Andy Calitz, who ran South Africa's transmission grid before a career that took him from Shell to Gazprom's control room and the helm of LNG Canada, still thinks about it most weeks. In…
25 Sep 3AM 55 min

Warren Wheatley breaks his silence on his FSCA debarment

Three trades, R301 in total, and a 20-year ban from the financial sector. Warren Wheatley, the chartered accountant who helped put together the Capitec empowerment deal and went on to found Altvest, now Africa Bitcoin Corporation, broke his silence to Alec Hogg days after resigning as CEO. The FSCA says…
23 Sep 12PM 54 min

Brent Bozell on the US-South Africa breakdown

Six months after warning a Hermanus room full of business leaders that Washington's patience was wearing thin, US Ambassador Brent Bozell returned to BizNews to explain what happened next. Five asks, a 15-day deadline and a six-page reply that, in his words, answered none of them. The result: visa bans…
23 Sep 10AM 40 min

Mchunu, Mrs Matlala, Maumela, Mudzinganyama - and Meyer…

In their weekly chat, Chris Steyn and political commentator Solly Moeng talk about the second seizure of of electronic devices belonging to Special Leave Police Minister Senzo Mchunu; the arrest of tenderpreneur Cat Matlala’s wife, Tskanane; the rape case against suspended Deputy National Commissioner Shadrack Sibiya; the latest testimony at…
23 Sep 6AM 24 min