× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Mombasa traders in Sh1.5b tax dispute

By Joackim Bwana | February 26th 2020
By Joackim Bwana | February 26th 2020

Rahim Qasim and Rameez Gulzar at a Mombasa Court on February 21, 2020, where they denied evading tax totaling more than Sh1.5 billion. [Kelvin Karani, Standard] 

Two directors of a rice importing company charged with failing to pay Sh1.5 billion tax have been released on a Sh2 million cash bail.

Ibrahim Qasim and Rameez Qulzar were yesterday charged at a Mombasa court together with their company Jhulay Lal Commodities Ltd for failing to pay the tax between January 2015 and December 2019.

It is alleged that the two sold rice worth Sh5,159,727,909 but failed to declare the full amount to Kenya Revenue Authority (KRA).

Last Friday, the businessmen had been released on a Sh20 million bond and ordered to deposit their passports in court.

However yesterday, Chief Magistrate Edna Nyaloti reviewed the Friday terms and settled on a cash bill of Sh2 million.

Ms Nyaloti decided to review the bail terms after the traders' lawyer Gikandi Ngibuini said they had already paid Sh10 million to KRA.

Mr Ngibuini said his clients were ready to conduct an audit with KRA that will reveal how much they owe the taxman.

“We want an auditor to ascertain the outstanding amount," said Ngibuini.

Prosecutor Dennis Shabola said KRA confirmed the two paid the Sh10 million and was not opposed to them being released on a cash bail. 

Share this story
Motion to regulate boda bodas seeks to curb accidents
MCA Nancy Sang seconded the motion and lauded the boda boda sector for creating jobs.
CS Najib Balala summoned over stalled project
There have been reports of cut-throat competition between agencies under the Ministry of Tourism.