Big blow for Chinese rail giant as court dismisses its bid against Sars

The North Gauteng High Court in Pretoria has dismissed a bid by the local unit of the Chinese Railway Rolling Stock Corporation (CRRC) to have the SA Revenue Service (Sars) return money taken from its accounts. Sars found that CRRC E-Loco overstated the price of its locomotives sold to Transnet as part of its involvement in state capture, and that the company has a tax debt of more than R3.6-billion. Its parent company is the world’s biggest train maker, which is partly-owned by the Chinese government,