Home » Jubilee party sponsor’s 13 bank accounts to be closed over KSh 2.2 billion fraud

Jubilee party sponsor’s 13 bank accounts to be closed over KSh 2.2 billion fraud

by Enock Ndayala

The Kenya Revenue Authority (KRA) has moved to court to freeze 13 bank accounts linked to former Jubilee party campaign financier Mary Wambui over allegations of tax evasion.

The taxman wants the bank accounts blocked for failing to pay taxes between 2014 and 2020 amounting to over Ksh 2 billion.

In a petition filed at the High Court, six of the accounts are registered under Purma Holdings, while the rest are registered under Mungai.

In a report by Daily Nation, the targeted accounts are in Equity bank, Stanbic bank, Credit Bank, Family, and Kenya Commercial Bank (KCB).

The taxman wants the court to issue orders preserving the funds in the said accounts and prohibiting the banks from releasing or transferring the money, pending tax assessment and payment, or further orders of the court.

According to KRA, Mungai through her business received a total of KSh 9.88 billion between 2014 and 2020 but was not reflected in the iTax ledger.

“I traced the payments to the bank accounts but the first interested party (Purma Holdings) and its directors being second and third interested parties never fully declared payments for both tax and VAT (value-added tax) purposes during the period under review,” an investigator at the KRA said in an affidavit.

Mungai and her daughter Purity Njoki, both directors of Purma Holdings Ltd, are believed to have evaded paying tax of Sh2.5 billion by failing to declare the correct taxes between 2014-2019.

Mungai is a member of the Friends of Jubilee Foundation lobby which raised millions of shillings for President Uhuru Kenyatta’s re-election campaign in 2017 in less than two hours.

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