Fin24 reports that a former employee of the SA Revenue Service (SARS) has received a 12-year custodial sentence for fraud, forgery, uttering and money laundering worth some R6 million.

SARS advised in a statement on Tuesday that Bilal Shaik was sentenced for facilitating fraudulent VAT refunds to three companies. The money eventually ended in Shaik's bank account, with Shaik using "the proceeds for personal gain". A second accused, Kyle Nadasen, was convicted of fraud, forgery and uttering and was sentenced to six years' imprisonment, suspended for five years on condition that he not be convicted under the Prevention of Organised Crime Act during that time. A third accused was acquitted.

• Read the full original of the report in the above regard at Fin24

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