DPP approves charges against five individuals, 12 companies in Sh3.9 billion VAT fraud scheme

Source: KahawatunguBy KahawaTungu Reporter👁 10 views

Originally published by Kahawatungu — Read the original article →

Election process

The Director of Public Prosecutions (DPP) has approved charges against five individuals and 12 companies over an alleged scheme to defraud the government of approximately Sh3.9 billion in Value Added Tax (VAT).

The decision follows joint investigations by the Office of the Director of Public Prosecutions (ODPP) and the Kenya Revenue Authority (KRA), alongside a comprehensive review of 70 inquiry files.

Investigators established that a network of companies, commonly referred to as “missing traders,” allegedly generated fictitious transactions and electronic tax invoices that were used to facilitate fraudulent VAT claims.


Author: KahawaTungu Reporter
Source: Kahawatungu

Read Full Article at Kahawatungu

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