@BdAfrica

Zuku rivals back KRA in Sh3.4bn taxation case - 8 Mar 2018 22:01

Galgallo Fayo

Rival shareholders of Internet and pay-TV service provider Zuku have joined a Sh3.4 billion tax evasion suit pitting Kenya Revenue Authority (KRA) against Richard Bell, a major owner in the company, with whom they have been fighting a boardroom war. The High Court allowed Wananchi Nominees Limited, International Consulting Limited (formerly known as ISP Kenya Limited) and East Coast Telecoms Limited to be enjoined in the case and help the taxman prove his case against Mr Bell. The three applicants had told the court that they have information that KRA doesn’t have with regard to Mr Bell’s responsibility as the representative of the offshore companies, a position that makes him directly answerable on the suspected tax avoidance. Mr Bell moved to court seeking to reverse KRA’s decision requiring him to take responsibility for a Sh3.4 billion tax fraud case against the offshore companies. “I am satisfied that the proposed respondents ...
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