IMU
IMU
IMU - Imuniti - Company Announcement
Imuniti Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/002282/06)
(JSE Code: IMU & ISIN: ZAE000089199)
("Imuniti" or "the company" or "the group")
COMPANY ANNOUNCEMENT
The Board of Imuniti would like to clarify the events relating to the arrival
of an Investigation Team from the South African Revenue Services ("SARS") at
the company`s Head Office in Durban on Tuesday 11 May 2010.
The SARS Team arrived at the Imuniti Head Office at approximately 08h30 on 11
May 2010 with a "Warrant for Search and Seizure in terms of section 74D of
the Income Tax Act, Act 58 of 1962, and section 57D of the Value Added Tax
Act, Act 89 of 1991" ("the Warrant"). Six individual taxpayers (including
some shareholders of Imuniti) were listed in Schedule A of the Warrant.
Imuniti is listed as one of 36 entities in Schedule B of the Warrant whose
premises the SARS Team was entitled to enter and search for "...evidence to
any non compliance with the provisions of...." the above Acts. None of
Imuniti`s subsidiaries, directors, executives or staff is mentioned in the
Warrant. At no time were the South African Police Services present on the
premises. The Imuniti staff present co operated fully with the SARS Team
throughout the day in their investigation and provided them with all the
information requested. It was absolutely clear that the SARS investigation
related to the possible infringement of one of the Tax Acts on the part of
one or more parties.
The Board is not aware whether the investigation into a "fraudulent
investment scheme" involving a product for "... HIV/Aids sufferers" as
announced by the Minister of Finance Mr Pravin Gordhan in Parliament on 11
May 2010, in any way relates to Imuniti Holdings Limited. If so, the Board
is completely unaware of such a scheme or such an investigation.
We trust that this clarifies the events, press speculation and announcements
relating to the above matters that took place yesterday on 11 May 2010.
DURBAN
12 May 2010
Date: 12/05/2010 10:53:02 Produced by the JSE SENS Department.
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