Directors of second-hand motor vehicle company charged with evading Kshs. 126 million in taxes

PRESS RELEASE 16/12/2019

Two directors of a second-hand motor vehicle firm were today arraigned before a Mombasa court charged with evading payment of tax worth Kshs 126 million.

The accused persons, Nabil Hussain Quresh and Salman Ahmed Rizvi of both Pakistani national, and their company known as Ameen motors Limited were jointly charged for unlawfully making incorrect statements in their income tax returns for a period of four years, reducing their corporate tax liability by a total of Kshs. 126 million.

The court heard that the suspects charged with four counts, allegedly reduced their corporate tax liability by Kshs. 32,082,271 million in 2014, Kshs. 43,756,956 in 2015, Kshs. 32,223,763 in 2016 and by Kshs. 19,630,707 in 2018 respectively.

The suspects who pleaded not guilty before Mombasa Chief Magistrate Hon. Edna Nyaloti were released on a bond of Kshs. 20 million with a surety of the same amount. The Court also ordered the accused to deposit their passports with the Court. The case will be mentioned on 17th December 2019.

Investigations carried out by Kenya Revenue Authority (KRA) revealed that, during the period between January 2013 and December 2018 the suspects imported 599 units of motor vehicles worth Kshs. 217 million. All these motor vehicle units were sold and proceeds of Kshs. 658 million banked by the accused persons without paying taxes due.

The Kenya Revenue Authority (KRA) strives to ensure all eligible taxpayers pay their fair share of taxes in time and remain tax compliant to avoid punitive enforcement measures including prosecution. KRA remains committed to building taxpayers trust through facilitation to foster Compliance with Tax and Customs Legislation to continually improve service delivery and revenue collection. KRA also endeavours to make taxpaying experience better through provision of a courteous and professional service.

 

Commissioner, Investigation and Enforcement Department- David Yego

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