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JUST IN-‘Instagram millionaire now says he’s broke

‘I am broke’: Flashy Hamilton Ndlovu says he has lost his millions (msn.com)

The tale of Hamilton Ndlovu is most in reality a precautionary one. The man who shot to social media reputation at some stage in our first COVID-19 lockdown of 2020 stuck the eye of EVERYONE in South Africa – which includes the pinnacle dogs at SARS.


Hamilton Ndlovu: ‘Instagram millionaire’ now says he’s broke

The taxman took notice of a series of films published to his Instagram page, which flaunted a new fleet of luxury cars. The vehicles had all been purchased within weeks of every other – after Mr. Ndlovu had acquired contracts well worth a total of R172 million for the procurement of Personal Protective Equipment (PPE) from the NHLS.


However, his failure to settle the tax invoice on these items set alarm bells ringing. He became promptly investigated, and sure enough, ordered to pay returned the obscene amount of money he had splashed following the mega-providence.


Businessman branded ‘infamous tax evader’ by means of SIU

Earlier this 12 months, the Special Investigating Unit (SIU) came down like a ton of bricks at the Joburg-based totally hustler, slamming his get-wealthy-quick scheme as ‘an abuse of the country’s emergency procurement processes’.


“The transactions were obtained by way of abusing the emergency procurement techniques that were followed by means of the NHLS a good way to respond to the COVID-19 disaster in the course of the first half of of 2020 – Ndlovu and different respondents are prohibited from dealing in any way with the finances and houses, such as selling or transferring the residences.”


SIU declaration

How much cash does Hamilton Ndlovu owe SARS?

This in a single day millionaire, however, now has much much less to gloat about. Hamilton Ndlovu is currently being pursued by means of the Special Tribunal Unit of South Africa, and they’ve advised him to ‘observe their directives’.


Lawyers acting on behalf of the businessman, however, say that their client is flat broke, and is now ‘out of budget’ to combat the multi-million rand lawsuit. Ndlovu claims that he shared maximum of his wealth together with his own family, and the coins has been spent freely inside the beyond 18 months. Funnily enough, we by no means heard approximately that on Instagram…


#KnowYourSpecialTribunal


The Special Tribunal has directed businessman Mr Hamilton Ndlovu to conform with its directives. Ndlovu's lawyers informed the case management assembly that he is out of funds to combat the R172 million litigation introduced via the SIU and the NHLS


— Special Tribunal South Africa (@TribunalSpecial)

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Hamilton Ndlovu SIU

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