Ginimbi $22 Million Tax Evasion Investigations Complete

Businessman Genius Kadungure was back in court yesterday for continuation of his $22 million tax evasion case.

Kadungure was represented by Jonathan Samkange when he appeared before Harare regional magistrate Vongai Guuriro. Prosecutor Shephered Makonde told the court that investigations have been completed. He said a trial date will be issued for Kadungure on March 21. Between February 2009 and May 2016, Kadungure allegedly made misrepresentations to Zimbabwe Revenue Authority (Zimra) that his company Pioneer Gases made total sales of $2 777 678,13 although the total was $9 092 951,51.

It was alleged that Kadungure made the misrepresentation to avoid paying tax and Zimra was prejudiced $417 940, 58. Between January 2010 and December 2015, Kadungure did not declare sales made by his Pioneer Gases amounting to $9 092 951.51 and concealed assets valued at $1 191 713.45.

More: Daily News

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