CONTROVERSIAL ASIAN TYCOON MOHAN GALOT CHARGED WITH OVER 2B TAX EVASION

Asian tycoon Mohan Galot arraigned at Milimani Law Court and charged with over Sh 2.1 billion tax evasion.

 

 

 

By Special Correspondent

 

 

 

Galot who is a director at the alcohol manufacturing firm is facing a

total of 18 counts among them failure to pay taxes contrary to

Section 95 as read with section 104(1) of the Tax Procedures Act,

2015.

 
“Mohan Galot,London distillers limited your charged that between

January 2016 and December 31,2016 being the director of the

company and a limited liability company incorporated in such

under PIN P051100858R unlawyfully omitted from the added tax

returns for the year 2017  amounting to Sh1.4 Billion which ought to

have been declared to the commissioner as required”read count

eleven of the charge sheet.

 

 

 

The director is also alleged to have omitted from returns from tax

returns production volumes and sales amounts contrary to section

97 (a) as read with section 104 (3) of the Tax Procedures Act, 2015.

 

 

 

 

A probe into London Distillers (K) Limited found that the firm and

its director devised a scheme to evade taxes, including Excise duty

on locally manufactured spirits, VAT and Corporation taxes.

 

 

 

 

The businessman pleaded not guilty  before chief Magistrate Martha

Mutuku and was released on a cash bail of 1 million shillings and

the case will be mention on August 9,2021.