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President Emmerson Mnangagwa’s govt targets rich, famous




The country’s rich and famous are quaking in their boots after the Zimra launched a massive crackdown on tax evaders, as President Emmerson Mnangagwa‘s government clamps down on rampant corrupt activities that are weighing down the country’s economy.

The Zimbabwe Revenue Authority last week raided Prophetic Healing and Deliverance Ministries leader Prophet Walter Magaya as part of its lifestyle audits.

Zimra has been seeking clarity on how high rollers fund their lifestyles and whether or not they are paying what they should in taxes. Our Harare Bureau understands that top Zimra officials visited Prophet Magaya twice on Friday as they sought answers on how the preacher amassed his wealth and what his tax returns were.

GinimbiA Zimra lifestyle audit questionnaire seen by our Harare Bureau asks respondents to explain what businesses they have, to list the properties they own, and how much tax they are paying. Yesterday Zimra Commissioner-General Ms Faith Mazani said the Prophet Magaya probe was ongoing

This is a sensitive investigation and I cannot comment about it at the moment. It’s still an internal operation and as you can see a lot is happening. I still have to see the reports so that I will able to give out accurate information. For now I cannot confirm anything,” she said.

The Zimra lifestyle audits last week saw showy businessman Genius Kadungure arrested for alleged tax evasion to the tune of US$22 million. He has been remanded in custody to November 30, 2018 and his lawyer is seeking bail at the High Court.

Zimra says its lifestyle audit indicates the assets Kadungure acquired between 2009 and 2016 were worth far more than his declared income in that period. President Emmerson Mnangagwa has declared war on corruption.

Meanwhile, Harare businessman Genius “Ginimbi” Kadungure, who is facing charges of fraud, tax evasion and money laundering, was yesterday granted $1 000 bail by the High Court after spending four days in remand prison. Harare regional magistrate Ms Bianca Makwande had denied him bail, arguing that the businessman’s release on bail was not in the interest of justice. Kadungure sought reprieve at the High Court where Justice Tawanda Chitapi granted him $1 000 bail on the grounds that the prosecution case had irregularities.

Source: Nehandaradio

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