Ginimbi Pays Bail For 50 People At Harare Remand Prison

Star FM reports that Harare businessman Genius Kadungure who spent the weekend in remand prison paid bail for 50 people at the Harare Remand Prison who were failing to raise bail fees ranging from $50 to $500.

Kadungure popularly know as Ginimbi is accused of prejudicing the government of $3,5 million in tax evasion. Last Friday Kadungure was not asked to plead when he appeared before magistrate Bianca Makwande, who remanded him in custody to November 30. In her ruling, Makwande said although bail was a right, Kadungure had committed a serious offence, which would influence him to flee to South Africa, where he is believed to have another home. Makwande denied bail for Kadungure despite both the defence and State counsels having consented to his release on $1 000 bail. The Zimbabwe Revenue Authority (Zimra) is the complaint.

The State argues that between February 2009 and May 2016, Kadungure, with the alleged intention of evading paying Value Added Tax, made a misrepresentation to Zimra that he had made total sales of $2 777 678 inclusive, instead of the actual $9 092 951. The alleged offence came to light when Zimra conducted an investigation into the activities of Piko Trading.

It is further alleged that in 2015, Zimra conducted lifestyle audits of socialites after observing their excessive expenditure, which was not matching their tax declarations. Zimra officials interviewed Ginimbi on March 2, 2016, during which he indicated that he owns a residential property in Domboshawa valued at $200 000, a Rolls-Royce motor vehicle valued at R4 million, a Bentley valued at $500 000, a Range Rover valued at R1,1 million, a Mercedes Benz valued at R1m.

Kadungure also advised Zimra that he owns furniture worth several thousands of dollars in Domboshawa, but failed to prove the source of his income. It is also alleged that investigations by Zimra revealed that between January 2010 and December 2015, Kadungure did not declare income amounting to over $9 million from sales realised out of liquefied petroleum gas (LPG) and $1 191 713 being the value of the properties. As a result, an income tax of $2 134 549 and $306 866 were raised in terms of Section 6 of the Income Tax Act, which he was supposed to pay to Zimra.


Genius KadungureStar FMZimbabwe Revenue Authority

Genius Kadungure aka Ginimbi is a popular Zimbabwean socialite and businessman. He is also the founder and Chief Executive Officer of a gas company, Pioneer Gases which has interests in Botswana, South Africa and Zimbabwe. He is also the owner of Club Sankayi. In November... Read More About Genius Kadungure

Star FM Zimbabwe was the first commercial radio station in Zimbabwe. It is owned by the Zimbabwe Newspapers (Zimpapers), the station was launched in 2012, becoming the first private owned station and subsequently breaking the 30 year monopoly of airwaves by the Zimbabwe Broadcasting Corporation... Read More About Star FM

The Zimbabwe Revenue Authority is a government department which is responsible for the collection of state revenue in form of excise duty, customs duty, road tolls, corporate and civil taxes. In addition, it also facilitates trade, offers fiscal advise to the government as well as... Read More About Zimbabwe Revenue Authority

1 Comment

  1. Anonymous Reply

    Why is it that everyone who gets rich in Zimbabwe is investigated and treated like an all time criminal??,I want to believe that this is exactly the only reason why all rich Zimbabweans flee their home country to other countries, they are really not safe here.

    Headlines always read ‘investors are welcome ‘,we actually don’t really need those outside investors, we just need to treat our own business people in a way they feel safe and contented with.

    Start investigating and arresting criminals…not embarrassing those business people!!!

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