Chandaria industries faces tax evasion and forgery allegations

Chandaria industries faces tax evasion and forgery allegations

- in Business, Investigations, News

A Nairobi based hygiene products manufacturing firm is facing tax evasion probe after a petition was filed with the Investigations and Enforcement Department at the Kenya Revenue Authority (KRA).

Chandaria Industries Ltd, based in Ruaraka Nairobi is also allegedly facing forgery claims of a super-imposed signature in a controversial payment acknowledgement agreement.

The damning whistle blowing dossier gives a blow-by-blow account of massive discrepancies in Value Added Tax computation and variance of declared turnover within the same period.

KRA Commissioner General John Njiraini has initiated punitive penalties for tax avoiders targeting corporate institutions and business firms.

In June this year, Njiraini reported a massive breakthrough on the war against tax evasion after a multi-agency task force yielded close to Sh2 billion since March 2015.

The multi-agency team is also investigating another thirty cases involving corruption and economic crimes.

All the cases under investigations are at different stages of being resolved through the Alternative Dispute Resolution framework and recovery of assets.

Members of the task force include the National Police Service, Office of the Director of Public Prosecutions, Ethics and Anti-Corruption Commission, Assets Recovery Agency, Financial Reporting Centre, among others.

As a measure to curb the vice, Njiraini launched the African Academy Programme for Tax and Financial Crime Investigation in Nairobi.

The programme, in partnership with the Organisation for Co-operation and Development that saw at least 27 officers from KRA and other institutions that deal with tax and financial crime trained.

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