This archive report was first published on 13 December 2019.
On December 11, 2019, Nabeel Hussain Qureshi and Salman Ahmed Rizvi, owners of Ameen Motors Limited, appeared in a Mombasa court facing tax evasion charges.
The two Pakistani nationals are accused of evading Ksh. 127.6 million in taxes between January 2013 and December 2018. According to the Kenya Revenue Authority (KRA), the company had imported 599 units of motor vehicles worth Ksh 217 million during this period.
However, the accused sold the units for Ksh 658 million but only declared Ksh 33 million, resulting in a significant tax evasion.
The KRA alleges that the accused made incorrect statements in the company's income tax returns for various years, reducing their corporate tax liability by Ksh 32.1 million in 2014, Ksh 43.7 million in 2015-2016, and Ksh 32.2 million in 2016-2017.
The accused are also charged with denying the KRA 19.6 million in revenue by forming and abandoning companies whenever they accrued tax liability.
During the plea taking mention, the two accused denied the charges and were released each on a Ksh. 20 million bond with surety of the same amount. They were also ordered to deposit their passports in court.
The case is scheduled for a mention on December 17, 2019.
