How painting sparked tax team probe; THE PROBE.
The Scot bought Cape Girl with Fruit for pounds 140,000 in May 2000 at an auction in his adopted home city of Johannesburg.
And later, the tycoon gave a magazine interview where he discussed the painting.
The piece caught the eye of South African Revenue Service The South African Revenue Service (also known as SARS) is the section of the South African government responsible for collecting taxes, tariffs, duties and all other forms of revenue levied by the South African government.
SARS was formed by the merger of the S.A. investigator Charles Chipps, who had just processed King's tax return.
King had claimed that his earnings for the year were just pounds 6279, and had even asked to be taken off the register of taxpayers.
But when Chipps began looking into the businessman's finances, he found a vineyard in Stellenbosch, a private jet, Ferrari sports cars and a pounds 1.2million mansion in the most exclusive part of Johannesburg, Sandhurst.
King, 54, had bought four homes, demolished them and built a walled mansion on the site.
Digging deeper, Chipps and his colleagues found a myriad of companies with Scottish names such as Ben Nevis Ben Nevis (nē`vĭs, nĕv`ĭs), peak, 4,406 ft (1,343 m) high, Highland, W Scotland, overlooking Glen Nevis; highest peak of Great Britain. and Glencoe.
King was alleged to have made millions in shares without giving the taxman his due.
He was arrested in 2002 and continues to protest his innocence.
King rose from humble beginnings in Glasgow to become one of South Africa''s richest men.
He was born in the tough Bridgeton area of Glasgow in a flat that's now a tanning salon. He was the fifth of seven children, and his three brothers and three sisters still live in and around the city.
King arrived in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. in 1976 with only 170 rand in his pocket and set about building his empire.
His success earned him a place at the top of South African society.
He is a member of the exclusive Johannesburg Country Club and counts golfing legends Gary Player Gary Player (born November 1, 1935) is a South African professional golfer generally regarded as one of the greatest players in the game's history.
He was born in Johannesburg, South Africa. and Ernie Els Theodore Ernest "Ernie" Els (born October 17, 1969) is a South African golfer who has been one of the top professional players in the world since the mid-1990s. A former World No. 1, he is known as "The Big Easy", for his imposing physical stature (he stands 1. among his friends. He once paid pounds 100,000 to caddy A plastic container that holds a CD or DVD disc for added protection. The bare disc is placed in the caddy, and the caddy is inserted into the drive. A caddy is not a jewel case. A jewel case protects the disc for transportation. A caddy protects the disc while reading and writing. for Player at a tournament.
His wife Ladina is a leading socialite, horse rider and golfer, and a pal of Kenny Dalglish's wife Marina.
When we asked Ladina about her husband's legal difficulties, she told us: "There's no point talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to"
rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to me about it, you'll have to speak to him." He did not return our calls.
Luxury: King's mansion Art attack: Picture launched taxmen investigation
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|Publication:||Sunday Mail (Glasgow, Scotland)|
|Date:||Nov 1, 2009|
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