, NAIROBI, Kenya, Feb 22 – Two businessmen of Pakistani Nationality have been charged before Mombasa Chief Magistrate Edna Nyaloti for evading tax worth Sh1.5 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 Sh1.68 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 Sh595, 363,478 in the year 2016.
They also faced two other
counts of defaulting to pay Sh434, 930, 264 in the year 2017. The amount arose
from omitted business undertakings with a sum of Sh1,441,318,809. The suspects
also defaulted to remit Sh522, 925,981 in the year 2018. The amount accumulated
from the omitted business undertakings with a sum of Sh1,735,015,739.
The suspects pleaded not guilty
and were released on a bond of Sh20 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.