Malawi Revenue Authority arrests Yeremiah Chihana for tax evasion offences: Bingu asset valuer

The Malawi Revenue Authority (MRA) has arrested Yeremiah Chihana, who is the owner of YMW Property Investment Company, on suspicion of tax evasion offences.

Yeremiah Chihana: Arrested

Yeremiah Chihana: Arrested

Chihana, the valuer of former president late Bingu wa Mutharika’s property, was arrested on Friday, June 19, 2015.

The property evaluator and entrepreneur also owns Vikawu Trust, Steers Auctioneers and Estate Agency, New Chikale beach, YMW International Transport/Bus Services Limited, Limex Limited, Prudential Consultants and Dutch contractors.

He is suspected of not remitting Value Added Tax (VAT)  to MRA since 2009.

Chihana is also suspected to have smuggled several motor vehicles into the country without paying applicable customs duties. The estimated amounts of taxes and duties is at K1.34 billion.

MRA is appealing to members of the general public to always report any malpractices involving tax fraud.

Last Tuesday, the Authority also arrested Managing Director of Intertrade Agency andMozimplex, a Mozambique based company, Mohamed Rafik Amad, for allegedly using false custom documents to externalize forex.

Amad presented fake custom documents to banks for remittance of $720,000 and $768,000 to Hong Kong.

The fake custom documents were presented to the banks on two separate occasions.

MRA Deputy Director of Corporate Affairs Steve Kapoloma said they are closely working with the Anti-Corruption Bureau (ACB) and other enforcing agencies to arrest more unpatriotic and unscrupulous business persons who are also externalizing forex through fake custom documents.

 

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From the World

Sort by:   newest | oldest | most voted
Kaporo
Guest

It starts with you MRA officials just look around and see if anyone doesn’t have a good car or expensive smart phones the iPhones who works for MRA. Wanthu aku MRA ndimabwana, Chihana smrnryu walemeretsa ambiri mu MRA afufuzidwe onsewo

Cashgate1
Guest

What about the obvious Masangwi? when are you arresting him? I hope politics in not playing a role here

Chimani. Game
Guest

Start with the stupid peter mthalika the big thief

Beckman
Guest

suzgo ndakuti waliyose iyo wali muboma wakunanga cha! kweniso waliyose uyo walipafupi na ma bwana waboma mukukakana cha! Manyani kuti malawi uyu ngwinu pera yayi muleke kuka bwekabweka kakani nduna izopera pala ntchito mukuyimanya, iyo 92 billion kakani.samalani kwambiriiiiiiri

isaiah mponda
Guest

If chihana has enough money this case will delay or end in vain…for malawian judges targets those marginalised..I hate local even international courts. If chihana is arrested ndekuti wina wake wam’boma sanamugaileko ndalamazo

Alungwana
Guest

Im not satisified. Net those MRA staff who are related to such incidencies!

Kape Ntata
Guest

Mtumbukayu amangidwe , amanyada nthawi ya mayi ake,mbava yathawira kuja ija

W
Guest

Net them all. Let’s tell MRA tax fraud is happening within your company or business people

Wadabwa
Guest

Tax fraud is a very serious crime. He is a law maker received tax money but is evading tax. He need to be punished if proven by the court. Let us all learn from this

joseph dungulinya
Guest

Apa nkhani is to divert peoples attention from the 92 billion issue that involves Dpp people.Arrest Chihana but the also the people involved in 92 billion should be arrested and the money recovered for developmental projects in Malawi.

More From Nyasatimes