Home Business Genius Kadungure trial date in tax evasion case set for November

Genius Kadungure trial date in tax evasion case set for November

by reporter263

HARARE – Businessman and socialite Genius Kadungure has been given a November trial date in his US$3.5 million tax evasion case.

Prosecutor Sebastian Mutizirwa told a court in Harare on Wednesday that the National Prosecuting Authority would be ready to go to trial in November – exactly a year after Kadungure was first arrested.

Prosecutors say between February 2009 and May 2016, Kadungure, with the intention of evading paying Value Added Tax, made a misrepresentation to the Zimbabwe Revenue Authority (ZIMRA) that he had made total sales of liquefied petroleum gas amounting to US$2,777,678, instead of the actual US$9,092,951.

ZIMRA began its probe in 2015 after identifying wealth-peddling individuals with unexplained incomes.

ZIMRA said a lifestyle audit of socialites was ordered “after observing their excessive expenditure, which was not matching with their tax declarations.”

Kadungure was interviewed by ZIMRA officials on March 2, 2016.

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During interviews, prosecutors say Kadungure said he owns a residential property in Domboshawa valued at US$200,000.

He also declared ownership of a Rolls-Royce valued at R4 million, a Bentley valued at US$500,000, a Range Rover valued at R1.1 million, a Mercedes-Benz valued at R1 million.

Prosecutors also say between January 2010 and 2015, Kadungure smuggled 5,298,000kg of gas valued US$672,533 from South Africa and Zambia for which he did not pay tax.

Kadungure is represented by Harare lawyer, Jonathan Samkange.-zimlive

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