2 foreigners to be charged with Ksh 1.5 billion Tax scandal in Kenya

 ›  ›  ›  ›  ›  ›  ›  › 2 foreigners to be charged with Ksh 1.5 billion Tax scandal in Kenya

Africa,Business,Diaspora,Kenya,Kenya Diaspora News,News,U.S Diaspora

2 foreigners to be charged with Ksh 1.5 billion Tax scandal in Kenya

Share this

2 foreigners to be charged with Ksh 1.5 billion Tax scandal in Kenya

Two businessmen of Pakistani Nationality were today charged before Mombasa Chief Magistrate Ms Edna Nyaloti for evading tax worth Ksh1.5 billion. The traders, Rahim Qasim and Rameez Gulzar Ali alongside their firm Jhulay Lal Commodities limited were found to have been importing rice into the country while deliberately failing to pay Income Tax.

According to investigations, it was established that for the period covering January 2015 and December 2018, the suspects imported rice worth Ksh1.68 Billion. They sold the rice and banked the proceeds in their various companies’ accounts.

The suspects faced three counts of tax evasion. In the first count, the suspects while trading as Jihulay Lai commodities limited, jointly with others not before court, knowingly defaulted to remit Income Tax of Ksh595, 363,478 in the year 2016.

They also faced two other counts of defaulting to pay Kshs434, 930, 264 in the year 2017. The amount arose from omitted business undertakings with a sum of Ksh1,441,318,809. The suspects also defaulted to remit Kshs 522, 925,981 in the year 2018. The amount accumulated from the omitted business undertakings with a sum of Ksh1,735,015,739.

The suspects pleaded not guilty and were released on a bond of Ksh20 Million and a surety of the same amount. The suspects were ordered hand in their passports to the court.

The arrest followed lengthy investigations carried out by KRA’s Investigation and Enforcement Department on the tax fraud schemes into the country. The case will be mentioned on 3rd March 2020.

 

Share this Post:
2 foreigners to be charged with Ksh 1.5 billion Tax scandal in Kenya Reviewed by on February 24, 2020 .

Share thisFacebookTwitterPinterestEmailWhatsApp2 foreigners to be charged with Ksh 1.5 billion Tax scandal in Kenya Two businessmen of Pakistani Nationality were today charged before Mombasa Chief Magistrate Ms Edna Nyaloti for evading tax worth Ksh1.5 billion. The traders, Rahim Qasim and Rameez Gulzar Ali alongside their firm Jhulay Lal Commodities limited were found to have been

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.

DIASPORA MAHIGA HOME PROPERTIES :CALL TERRI 254 718 332074

DIASPORA MAHIGA HOME PROPERTIES :CALL TERRI 254 718 332074

SAMRACK MEDIA

Phone: (781) 975-6145

Email: samlibbi@gmail.com,
Email: Samlibbi@yahoo.com
Email: sam@samrack.com

Your Convenience is our Priority!

We are Hiring:Great Pay,Developmental and Cognitive Services Division Contact: Megan Kaswandik Talent Acquisition Specialist mkaswandik@riversidecc.org 781-320-5304

We are Hiring:Great Pay,Developmental and Cognitive Services Division Contact: Megan Kaswandik  Talent Acquisition Specialist  mkaswandik@riversidecc.org  781-320-5304

View Monthly Archives

Subscribe to our Mailing List

Page generated in 4.578 seconds. Stats plugin by www.blog.ca