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Kenya

Tatu City CEO blames woes on cartels

NAIROBI, Kenya, Oct, 26- Tatu City Founder and the Chief Executive Officer Stephen Jennings defended foreign shareholders in the development project saying they are tax compliant.

Speaking during a press conference, Jennings pointed out that there are no claims against them by the Kenya Revenue Authority, contrary to media reports that had emerged earlier in the week.

He attributed allegations to what he terms as a smear campaign to the work of cartels which he blames for the woes at Tatu City.

“Indeed the record placed before parliament is that Tatu City has not evaded payment of tax. A letter purportedly to be from KRA was circulated to the media alleging that there was a tax claim against Tatu City. That letter was forgery and KRA has disowned it in totality,” Jennings said.

He states that he has contacted the Directorate of Criminal Investigations regarding the cartel which was behind what he describes as a false petition.

“Investigation has been launched by the Director of Criminal Investigations into the detractors of Tatu City based on our numerous complaints. In this regard, I am not asking for any favors from the DCI. I simply want the law applied to the extortionists and criminal cartels out to scuttle the Tatu City project,” he said

Directors at the Company led by former Central Bank of Kenya Governor Nahashon Nyaga had filed a petition before a parliamentary Committee claiming foreign investors were extorting Kenyans and tax evasion.

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