11
Oct

Olympus Computer Garage Limited Directors charged with tax fraud amounting Kshs.1.4 billion:

Two directors of Olympus Computer Garage Limited plead not guilty before chief magistrate Francis Andayi. The directors alongside their company were charged with ten counts of tax evasion amounting to Kshs.1.4 billion.

Mr. George Bhutto Abiga and Berard Ochieng Okello both directors of Olympus Computer Garage Limited were charged with various counts including under-declaration of customs value of goods to reduce payable taxes, claiming tax relief through use of fictitious invoices, failing to declare sales, omitting taxable income from returns and failing to submit returns.

The offenses were committed between the years 2014 and 2016. They denied all the charges and were each released on a bond of Kshs. 5 million and alternative bail of Kshs. 2 million. The court set to hear the case on 6th November 2019.