HARARE socialite and businessman Genius Kadungure, better known as Ginimbi, has settled to make an out of court settlement with the Zimbabwe Revenue Authority (ZIMRA) in a case he is accused of evading paying tax to the revenue authority.<\/p>\n
His lawyer, Jonathan Samkange told Harare senior regional magistrate, Hosea Mujaya that Kadungure intends to pay his debt to ZIMRA before he asked for a postponement of trial pending finalisation of the out of court settlement.<\/p>\n
The case was postponed to March 20.<\/p>\n
\u201cWe are working on having an out of court settlement and ZIMRA called my client this morning. They wanted to have a meeting at 10 am which we unfortunately could not have because we were appearing before this court,\u201d said Samkange.<\/p>\n
However the court queried the communication after Prosecutor Andrew Kumire, who is handling the matter, prophesied ignorance regarding the out court settlement.<\/p>\n
Allegations are that between February 2009 and May 2016, Kadungure allegedly made misrepresentations to ZIMRA that his company Pioneer Gases made total sales of $US2 777 678,13 although the total was $US9 092 951,51.
\nCourt heard that Kadungure made the misrepresentation to avoid paying tax and ZIMRA was prejudiced $US417 940, 58.<\/p>\n
The offence came to light when ZIMRA investigated the operations of Pioneer Gases and carried out a lifestyle audit on Kadungure.<\/p>\n
On March 2, 2016, Kadungure told ZIMRA investigators that he owned a Domboshava residential property valued at $US200 000, a Rolls Royce, Bentley Range Rover, a Mercedes-Benz S Class and BMW motor vehicles.
\nZIMRA investigators asked Kadungure to prove the source of his income, but he failed to do so leading to his arrest.<\/p>\n
Between January 2010 and December 2015, Kadungure did not declare sales made by his Pioneer Gases amounting to $US9 092 951.51 and concealed assets valued at $US1 191 713.45.<\/p>\n","protected":false},"excerpt":{"rendered":"
HARARE socialite and businessman Genius Kadungure, better known as Ginimbi, has settled to make an out of court settlement with the Zimbabwe Revenue Authority (ZIMRA) in a case he is accused of evading paying tax to the revenue authority. His lawyer, Jonathan Samkange told Harare senior regional magistrate, Hosea Mujaya that Kadungure intends to pay […]<\/p>\n","protected":false},"author":84,"featured_media":20505,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,12],"tags":[91,725],"class_list":{"0":"post-20502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-head-lines","9":"category-policy","10":"tag-harare","11":"tag-zimra"},"yoast_head":"\n