The well-known Port Elizabeth businessman Shaun Ah Shene (55) was released on R8 000 bail by the Port Elizabeth Magistrate’s Court where appeared on Thursday, 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 for over R2 million. Ah Shene’s 21investments accounts, 13 fixed properties as well an undisclosed amount of money in his bank accounts have since been put under restraint. Virginia, Ah Shene’s wife’s properties have also been frozen due to her interest in the communal property.
Ah Shene’s case was postponed to 30 November 2015 to allow for further investigations.