Home Court News Two men charged with 23M Tax fraud.

Two men charged with 23M Tax fraud.

by Robert Guyana

Zameer Kassamali and Mahir Nakuru were accused that on diverse dates between January 1, 2015 and December 31, 2015 at Mahir building Nakuru County, being the Managing Director of Mahir Nakuru Automatize Ltd and a company under PIN PO1213135N knowingly omitted from their return an amount which should have been included thereby occasioning outstanding Value Added Tax of Sh 23,115,367 payable to the Commissioner Domestic Taxes as required under the Act.

In the second county, they were charged with Sh 26,516,844 payable to the Commissioner Domestic Taxes as required under the Act.

In the third count, they were charged with Sh 3,234,964 tax evasion while in the third count they were charged with Sh 6,080,877 Tax evasion.

They denied the charges before magistrate David Ndungi.

While delivering a ruling, Ndungi said that he has considered the fact that the charges are serious as the law provides for a high fine of almost Sh 100M.

“The bond and bail purpose is to ensure the accused attends court,” he added.

They were released on Sh 20 Million bond or cash bail of Sh 10 M cash bail.

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