Six car dealers embroiled in Ksh. 690M tax evasion case
Six directors of Northern Auto Dealers Limited have denied tax evasion charges involving Ksh. 690million.
They are Ali Ibrahim Dida, Hassannoor Adan Ali, Kose Isatu Hirbo, Ibrahim Worku Hirbo, Wako Bate Hirbo, Abdullahi Mamo Jillo.
Appearing before Senior Resident magistrate Faith Muguongo on Thursday, the suspects were charged with seven counts of fraud for omitting income earned between 2016 to 2019 from their filed returns.
According to the Kenya Revenue Authority, the company deals in buying and selling of motor cycles within Moyale town and through this business the company has made sales amounting to Ksh. 3,420,942,711 within the last three years.
The company was however said to have failed to declare the income earned nor the requisite taxes for both VAT and Corporation Tax to the tune of Ksh. 697,848,997.
The Defense argued that the six are not a flight risk and should not be denied bail as they are also first time offenders and have been complying with the investigations.
They further questioned the authenticity of the figures.
The prosecution did not object to plea for bail but insisted that it should be determined based on the amounts in question.
The suspects were released on Ksh. 2million bond with similar surety or a cash bail alternative of Ksh. 1million.
The matter will be heard on November 14.
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