Connect with us

Hi, what are you looking for?

top
London Distillers Tycoon Mohan Galot in court on July 21, 2021 when he was charged with Sh2.1 billion tax evasion.

business

London Distillers tycoon Mohan Galot charged with Sh2.1bn tax evasion

NAIROBI, Kenya July 21 – London Distillers Kenya Limited Director Mohan Galot was arraigned at Milimani Law Courts o Wednesday over Sh2.1 billion tax evasion.

Galot was arraigned before Magistrate Martha Mutuku, facing a total of 18 counts among them failure to pay taxes contrary to Section 95 as read with section 104(1) of the Tax Procedures Act, 2015.

He pleaded not guilty to all the counts before he was granted a cash bail of 1 million shillings. The case will be mentioned on August 9.

In the first count, Galot together with the company London Distillers Kenya Limited are alleged that between January 2016 and 31st December 2016 unlawfully omitted the excise Duty returns for the year 2016 production volumes totalling to 164, 539 litres of ready to drinks and 2,902,662 of spirit which ought to have been declared to the Kenya Revenue Authority (KRA) as required by the Excise Duty Act 23 of 2015 laws of Kenya.

The charge sheet outlines the second charge of omitting from tax returns production volumes and sales amounts contrary to section 97 (a) as read with section 104 (3) of the Tax Procedures Act, 2015.

An investigation into London Distillers (K) Limited found that the firm and its director devised a scheme to evade taxes, including Excise duty on locally manufactured spirits, VAT and Corporation taxes.

Investigations revealed that the taxpayer engaged in a scheme of gross underreporting of production and sales volumes and purchase of packaging materials through associated firms.

Comments
Advertisement

More on Capital News

World

Jerusalem (AFP), Aug 14 – Israeli police Sunday arrested a suspect in a pre-dawn shooting spree targeting a bus just outside Jerusalem’s Old City...

2022 ELECTIONS

Nairobi, Kenya, August 14-US Secretary of State Anthony Blinken has urged Kenyans to maintain peace as the vote tallying for presidential results entered day...

2022 ELECTIONS

NAIROBI, Kenya Aug 14 – Nairobi Woman Representative Esther Passaris has dedicated her re-election to her late father. The Orange Democratic Alliance (ODM) party...

2022 ELECTIONS

NAIROBI, Kenya AAug 14 – Deputy President William Ruto is edging ahead of his main rival Raila Odinga in Kenya‘s presidential election, partial official results...

2022 ELECTIONS

NAIROBI, Kenya Aug 14 – Leading presidential candidates in the August 9 election William Ruto (UDA) and Raila Odinga (Azimio) were in church Sunday...

2022 ELECTIONS

NAIROBI, Kenya Aug 14 – Edwin Sifuna of the Orange Democratic Movement (ODM) is the new Senator of Nairobi after winning the Tuesday election....

2022 ELECTIONS

NAIROBI, Kenya Aug 14 – Corporate Executive Polycarp Igathe conceded defeat after losing the Nairobi Governor’s race to Johnson Sakaja of the United Democratic...