The South African Revenue Services (SARS) has executed a Provisional Preservation Order against businessman and millionaire Hamilton Ndlovu and his companies.
They also seized three of his luxury cars and froze his bank accounts with about 6 million Rands. SARS conducted a search and seizure operation at Hamilton’s residence on the 11th of September 2020.
This was a day after the North Gauteng High Court issued the Provisional Order and placed all his assets under curatorship.
The order allows a curator to immediately take control of Hamilton Ndlovu’s assets and preserve them to pay potential tax debts.
The assets are a Porsche Cayenne, Porsche Carrera and a Porsche 992. All these were purchased on the same day and Hamilton was flaunting them on social media.
Hamilton Ndlovu made headlines in May after posting a video boasting about buying five vehicles for him and his family during the lockdown induced by the Coronavirus pandemic.
He bought a Lamborghini Urus, a Jeep Grand Cherokee, along with the three Porsche cars. All the five luxurious cars were reported to cost 11 million Rands.