Five to face charges in Ksh3.9B VAT fraud
Originally published by KBC Digital — Read the original article →
Election process
The Office of the Director of Public Prosecutions (ODPP) has approved charges against five individuals and 12 companies over an alleged tax fraud scheme involving Ksh3.9 billion in Value Added Tax (VAT).
The suspects are accused of using a network of companies to generate fictitious transactions and electronic tax invoices, which other businesses allegedly used to claim fraudulent VAT refunds or reduce their tax liabilities without making genuine purchases.
The decision to prosecute follows joint investigations by the ODPP and the Kenya Revenue Authority (KRA), which involved a review of 70 inquiry files.