Businessman Amaan Sayed has again levelled fraud allegations at retail SPAR.
Businessman Amaan Sayed has again levelled fraud allegations at retail giant SPAR, with a newly surfaced BDO report that he commissioned adding to a growing list of allegations hinged around fraud by the group.
Business Day reported that a September 2025 due-diligence report by BDO in its possession identified alleged VAT irregularities, unreliable financial information and possible stock manipulation at SPAR's corporate-owned Bloed Street Tops store.
According to the publication, also raised concerns about discrepancies between financial records, stock levels and sales data.
Sayed has referred the allegations to regulators including the JSE, the South African Institute of Chartered Accountants and the Companies and Intellectual Property Commission.
