Mapeto bigwigs facing new tax evasion charges: now under lock and key nyasatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nyasatimes.com Daily Mail and Mail on Sunday newspapers.
Malawi Revenue Authority (MRA) has doubled the amount in the tax evasion case involving Mapeto David Whitehead and Sons (DWS) from the K16.4 billion to a whooping K32 billion.
The tax invasion claim will rise from the already adjusted figure amounting to K16.4 billion to K32 billion when all the penalties and interests are included.
Anthony Chungu, One of the lawyers representing MRA said Thursday after attending court proceedings before the Chief Resident Magistrate, Jean Kayira in Blantyre Court that the amended charge sheet has an upward revision of the principle amount from the initial K10.8 billion to about K16.5 billion, did not include penalties and interests.
Police in Blantyre acting on behalf of Malawi Revenue Authority (MRA) have arrested Faizal Latif, Director and owner of Mapeto David Whitehead and Sons on various tax law contraventions amounting to MK10.8 billion.
He went into hiding on Friday pleading with Tonse Alliance top hierarchy to “return the favour” rendered to them during the 2019 and 2020 general elections where his company offered credit lines for party cloth supplies.
Other officials arrested include: General Manager, Martin Mpata, Managing Director Mohamed Gaffar, Financial Controller Abdul Rashid Bakali, Procurement Manager Yaseen Muhamad.
“The Malawi Revenue Authority (MRA) has arrested five officials from Mapeto (DWSM) Limited on allegations of tax evasion.