Malawi Revenue Authority (MRA) and Anti Corruption Bureau (ACB) in joint crackdown on suspected tax evasion are now pursuing business person Imran Malida after the customs body seized property and sealed off offices belonging to motor vehicle supplying company, Mike Appel and Gatto Limited, over the company’s failure to remit about K1.2 billion in taxes.
Nyasa Times understands that Malida faces criminal prosecution for not playing by the rules and his dues over K200 million through a misty business.
It is said that proceeds from his businesses were being deposited to FDH Bank city centre branch in Lilongwe, account number 9700000078071.
This was money made through Mali investments under Gibraltar Limited.
Malida has also been earning through business partnership with Priceworth wholesalers and Dinish of Casa Entrada who gave him K100million cash for produce business of maize but that was not declared with MRA, it has been established.
The tax collector and graft-busting body suspects wrongful enrichment in the business operation and failure to pay what they owe to the tax man.
Malida could not be reached for comment as he was reported to be on the run after a tip off that a warrant of arrest has been prepared against him.
MRA is on crackdown on tax evasion, saying it is a crime that costs society dearly.
The tax collecting body is warning all business persons evading tax, that there is no safe haven and they will find them.
Over K50 billion in tax revenue is currently stuck in court cases as many of the businesses involved in the practice of tax evasion have sought relief from the judiciary through stay orders and injunctions.
MRA Commissioner General Tom Malata says tax malpractices can be reported to toll free number 847 for Airtel and TNM subscribers or 80000847 for MTL subscribers. Informants can also send their tips to the Centre through email address:email@example.com or fax to 0182 229.Follow and Subscribe Nyasa TV :