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SA's highest appellate court has found that controversial businessman Paul de Robillard systematically stripped a property company of its assets while it was involved in a dispute with the SA Revenue Service (SARS) over a tax debt.
De Robillard, a business associate of tobacco baron Yusuf Kajee, had promised the tax agency in December 2019 that he would not sell three properties registered to PFC Properties while the tax dispute was ongoing. PFC is a property group whose sole shareholder is the De Robillard Family Trust.
But, according to a new ruling by the Supreme Court of Appeal (SCA), De Robillard and PFC Properties proceeded to sell all three properties without telling the tax agency.
