BY SAM ALFAN.
A Chinese investor has been charged before a Nairobi court with tax evasion amounting to Sh194 million.
New X-Tigi Technology Limited director Gao Fei, who has been on the run appeared before Milimani Resident Magistrate Muthoni Nzibe and pleaded not guilty to the tax evasion charges.
Fei is accused that on diverse dates between January 2015 and June 2016, in Nairobi being the director of New X-Tigi Technology Company Limited, he failed to pay VAT amounting to Sh194,357,743 for the year starting January 2015 to July 2016 to Kenya Revenue Authority.
Prosecution accused Fei that on June 30, 2016 in Nairobi, being a registered taxpayer PIN No. P051576009G, he failed to submit tax returns for the year 2016 as of due date June 30, 2016 to KRA.
It was further alleged that on June 30, 2015 in Nairobi, being director of New X-Tigi Technology Limited, Fei failed to submit tax returns for the year 2015 to Commissioner Kenya Revenue Authority.
The prosecution opposed the release of the accused person on bail stating that the accused person was a flight risk being a Chinese national.
The court was also informed of his previous conduct where he had been released on police cash bail of Sh100,000 but he did not present himself to court as required but reported that his passport had gotten lost yet it was being held by the investigating officer.
He was released on a cash bail of Sh150,000 with a bond of 1 million.
The accused was ordered to deposit his passport in court pending hearing and determination of the case.
