Mombasa business mogul Abdi Gedi Amin arrested over Ksh.1B tax evasion
Mombasa business mogul Abdi Gedi Amin is to be arraigned in court on Friday over tax evasion related charges.
In a statement, the Kenya Revenue Authority indicated that Amin is allegedly involved in a massive tax evasion syndicate in excess of Ksh. 1 billion.
“He will face tax evasion related counts including failure to pay taxes, failure to file returns and giving false information that affect tax liability for both companies and himself. The offences contravene Section 97(c) as read with Section 104(3) of the Tax Procedures Act 2015,” read the statement.
Gedi who was arrested on Thursday, is reported to have formed more than seven companies, spread between Mombasa and Nairobi trading as manufacturers, wholesalers and retailers in household commodities.
According to the Directorate of Criminal Investigations (DCI), Gedi is either a director or used proxies to manage the companies including being bank signatories trading in commodities like sugar, oils, general goods and transport services.
The suspect spent Thursday night in police custody.
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