• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

KRA Goes After These 15 Billionaires Over Tax Evasion

samrack by samrack
October 6, 2018
in Africa, Business, Kenya, Kenya Diaspora News, News, People
A A
0
KRA Goes After These 15 Billionaires Over Tax Evasion
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

KRA Goes After These 15 Billionaires Over Tax Evasion

  • Kenya Revenue Authority has intensified its drive against tax evasion by going for those in power.The authority has faced a lasting shortfall in collections and are under pressure from the government to pay its rising debts to external creditors, major projects and other obligations such as salaries.The following are the people being pursued by the tax authority:Duncan Murashiki (as Oil Libya General Manager) Ksh 15 Billion

    Murashiki and KRA are at war over claims that he gave inconclusive information that made it difficult for the authority to determine Oil Libya’s true tax liability.

    Ibrahim Hillowly (Darasa Investments) Ksh 2.5 Billion

    The firm had agreed to pay the Ksh2.5 billion demanded by the tax authority after the release of the 40,000 tonnes of sugar the firm claimed to have imported from Brazil in line with regulations from the National Treasury during a duty free window.

    KRA however argued that Darasa changed the original documents and that the sugar was from Dubai instead.

    Prof Tom Ojienda Ksh 822 million

    The lawyer succesfully sued KRA after they demanded the sum of money for the years 2009 to 2016.

    The court through Justice George Odunga ruled that the tax authority might have relied on information from third parties without undertaking its own investigations into the matter.

    Jimmy Mutuku Kiamba Ksh 480 Million

    KRA sought Kiamba after the Ethics and Anti-corruption Commission began investigating him.

    Investigations by the anti corruption commission revealed that Kiamba had two bank accounts at Stanbic which amounted to Ksh 480 million.

    Another 9 bank accounts that the former Nairobi finance chief used were uncovered frozen by the commission after obtaining a court order.

    Westgate Mall Ksh 221 Million

    The tax authority went after the mall following its Ksh 7.2 billion insurance compensation for the 2013 terror attack at the establishment.

    Evans Kidero (as Nairobi Governor) Ksh 4.2 Billion

    KRA accused Kidero of failing to pay withholding tax after promising to do so during his time as Nairobi Governor.

    Kidero’s administration insisted that the money should be taken from national government who owed them money.

    Mastermind Tobacco(Wilfred Murungi) Ksh 1 billion

    Auctioneers were instructed in September to sell the firm’s assets in order to recover the amount owed to the tax authority which forced the Murungi owned company to go to court.

    The unpaid taxes demanded by the tax man are excise duty, VAT, PAYE and penalties.

    Kamlesh Pattni (Two Firms Associated to Him)

    The tax man went after the Diplomatic Duty free firm but instead the auctioneers pursuedassets belonging to Suzan General’s stores which sued the authority claiming their fight was with Diplomatic Duty free.

    Alnashir Popat (Sandview and Upperview Properties Shareholder) Ksh 13 million

    The Upperview Properties which are owned by the collapsed Imperial Bank, are on KRA’s radar for for failure to pay Ksh 13 million in tax.

    The company stated that they could not challenge the demand considering their documents are yet to be released by Kenya Deposit Insurance who seized them.

    Njenga Karume Assests Ksh 197 Million

    Over failure to pay tax worth Ksh 197 million in form of PAYE and VAT for Jacaranda Hotel.

    KRA staff Joseph Chege Gikonyo

    Gikonyo was on the authorities radar after he acquired Ksh 615 million from a monthly salary of Ksh 119, 000.

    On October 2016, KRA accused him of failure to pay for taxes leading to investigations of how he acquired the wealth.

    The KRA staff member however insisted that he acquired his wealth legally.

    Ex Foton East Africa Agent Da Li Ksh 223 Million

    Da Li was blocked from leaving the country by KRA and Immigration Service over tax evasion.

    The former agent had agreed to meet representatives from the tax authority in 2016 over settlement of the matter after being issued with a demand, but went missing for a year.

    I&M Bank Ksh 225 Million

    KRA pursued the bank after the high court ruled in December that the lender owed Ksh 225 million in VAT, corporate and withholding tax.

    The bank on its part argued that no action was taken by the tax authority after it objected the ruling.

    The tax man however argued that they could not challenge the bank after it received a letter with an open ended question on the levies from I&M.

    Barclays Bank Ksh 225 Million

    The bank was demanded by the tax authority to pay the amount in withholding tax arrears on royalties paid to card companies.

    Barclays however moved to court in April and managed to block the demand.

    Estate of Gersihon Kirima Ksh 380 Million

    Estate owned by the late billionaire was accused of owing tax arrears worth Ksh 638 million that was later lowered to Ksh 374.6 million by KRA.

    Report from the Auditor General however stated that there was no evidence to support the drop made by the tax authority.

 

Previous Post

President Uhuru Kenyatta Joins Uhuru Market Clean Up in Eastlands

Next Post

Why mare major global companies expanding into Kenya?

Related Posts

Diaspora:How KEMEN  President, Anthony Kamnao “Cheated Death” after a gruesome accident
Diaspora

Diaspora:How KEMEN President, Anthony Kamnao “Cheated Death” after a gruesome accident

February 3, 2023
Death Announcement Of Eric Gakure of Worcester MA
Diaspora

Death Announcement Of Eric Gakure of Worcester MA

January 31, 2023
Ruto didn’t win August 2022 election, should resign – Raila
Kenya

Ruto didn’t win August 2022 election, should resign – Raila

January 28, 2023
Peter Francis Muhia Ndungu Of Brockton Massachusetts
Diaspora

Death Announcement of Peter Francis Muhia Ndungu Of Brockton Massachusetts

January 28, 2023
Diaspora

Canadian Embassy Wades into Kenyan-Canadian Nurse Lucy Njeri’s Alleged Murder Plot

January 26, 2023
US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya
Business

US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya

January 26, 2023
Next Post
Why mare major global companies expanding into Kenya?

Why mare major global companies expanding into Kenya?

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

Diaspora:How KEMEN President, Anthony Kamnao “Cheated Death” after a gruesome accident

Death Announcement Of Eric Gakure of Worcester MA

Ruto didn’t win August 2022 election, should resign – Raila

Death Announcement of Peter Francis Muhia Ndungu Of Brockton Massachusetts

Canadian Embassy Wades into Kenyan-Canadian Nurse Lucy Njeri’s Alleged Murder Plot

US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya

Mizizi Africa Homes diversifies into land selling with ‘Buy, We Build’ Concept

Equity Bank’s Wings to Fly Scholarship selection process commences

Transition/Death Announcement of Christine Ntagengwa of Attleboro,Massachusetts

Women of Hope: Valentines Dinner: $70 P/Person 11 Feb 2023 Guest Speaker:Rev.Dr.G.G Gitahi Time 7PM EST

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Ruto didn’t win August 2022 election, should resign – Raila

Ruto didn’t win August 2022 election, should resign – Raila

by samrack
January 28, 2023
0

Ruto didn't win August 2022 election, should resign - Raila According to Raila, Ruto did not win the August 9...

NEW SCARY DEVELOPMENTS IN KENYA

NEW SCARY DEVELOPMENTS IN KENYA

by samrack
January 21, 2023
0

NEW SCARY DEVELOPMENTS IN KENYA Will Martha Karua's case at the East African Court of Appeal, the new Ruto's revelation...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.039 seconds. Stats plugin by www.blog.ca