Ginimbi tax evasion case takes new twist…as figures are ‘mysteriously’ reduced

SOCIALITE and businessman Genius “Ginimbi” Kadungure’s tax evasion case has taken a new twist as the figures involved have been inexplicably  reduced, compelling the State to postpone trial date, and pave way for further investigations.

The initial figure of the tax evaded was US$417 940 but was reduced to US$100 000.

Ginimbi is facing charges of fraud, tax evasion and money laundering.

On Tuesday his trial suffered a false start and was moved to February 11, 2020.

Ginimbi appeared before Magistrate James Mberewere at the Harare Magistrates’ Court.

The trial failed to kick-off as the court was not ready to commence, citing the reduction in figures as the impediment.

The accused’s legal representative,

Jonathan Samukange applied for a postponement of the trial.

He was furnished with the papers notifying him of further investigation by the State on Tuesday morning .

Kadungure’s company, Piko Trading Private Limited is alleged to have misrepresented Zimbabwe Revenue Authority (Zimra) that that it made total sales of $2 777 678, inclusive of Value Added Tax, when in actual fact the company had made $9 092 951, between February 2009 and May 2016.

Zimra suffered a prejudice of Zimra of US$417 940 but now the figures have reduced to US$100 000 resulting in need for further investigations.