Mr.
Gao Fei is the director of a company called New X-Tigi Technology Limited, he
appeared before Milimani Resident Magistrate Muthoni Nzibe and pleaded not guilty
to the tax evasion charges
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| Chinese investor Gao Fei |
Kenya’s
tax laws and compromised KRA workforce have been put to the test in the recent
past by some dubious Chinese investors who have taken advantage of the weak
supervisory laws to engage in all manner of businesses, some of them illegal.
A
few days ago Kenyan security personnel discovered thousands of litres of
illicit brews, chang’aa and busaa at a residence owned by Chinese nationals in
Athi River, near Nairobi. Police officers acting on a tip off from members of
the public raided a house at Green Park estate where they confiscated over
3,000 litres of the illicit brews and arrested two Chinese nationals.
And
on Tuesday one Chinese investor, who has been on the run was arrested and arraigned
in court. He was charged before a Nairobi court with tax evasion amounting to
Sh194 million.
Mr.
Gao Fei is the director of a company called New X-Tigi Technology Limited, he
appeared before Milimani Resident Magistrate Muthoni Nzibe and pleaded not guilty
to the tax evasion charges.
Mr
Fei was accused that on diverse dates between January 2015 and June 2016, in
Nairobi being the director of New X-Tigi, he failed to pay VAT amounting to
Sh194, 357,743 for the year starting January 2015 to July 2016.
Prosecution
further said that on June 30, 2016, being a registered taxpayer, Mr Fei failed
to submit tax returns for the year 2016 as of due date June 30, 2016.
It
was further alleged that on June 30, 2015 in Nairobi, being director of New
X-Tigi Technology Limited, Mr Fei failed to submit tax returns for the year
2015.
The
prosecution opposed the release of the accused on bail, stating that the
accused person was a flight risk. He was however released on a cash bail of
Sh150, 000 with a bond of Sh1 million and ordered to deposit his passport in
court pending hearing.
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