PE businessman and suspected gangster, Shaun Ah Shene, granted R8000 bail

OCTOBER 29, 2015

Well-known Port Elizabeth businessman and suspected gangster, Shaun Ah Shene, 55, was released on R8 000 bail by the Port Elizabeth Magistrate’s Court  where appeared on Thursday, facing charges of fraud and contravention of the Tax Administration Act.

Ah Shene, the sole owner of Coral Blue Trading, was arrested by the Hawks on Thursday morning for allegedly evading paying tax for over six years, thus defrauding the South African Revenue Services (SARS) of over R2 million.

Ah Shene’s 21 investments accounts, 13 fixed properties as well an undisclosed amount of money in his bank accounts have since been put under restraint. 

Virginia, Ah Shene’s wife’s properties have also been frozen due to her interest in the communal property.

Ah Shene’s case was postponed to 30 November 2015 to allow for further investigations.