Businessman Parmar Kirit Kumar Ranchodbhai in a Nairobi Court where he was charged with failing to remit over Sh11 billion in tax. PHOTO | RICHARD MUNGUTI | NATION MEDIA GROUP 
Kenya Revenue Authority (KRA) has on Friday charged an Indian businessman in a Nairobi court with alleged Sh11.6 billion tax evasion.
Mr Parmar Kirit Kumar Ranchodbhai allegedly failed to declare Sh3,421,645,274 value added tax returns to Kenya Revenue Authority(KRA) for his 2015 income.
KRA claims that Mr Ranchodbhai committed the offence with others not before court on diverse dates between June, 1, 2015 and December 31, 2015 at Kasarani, Nairobi.
The Indian national is also charged with omitting Sh8,037,383,938 value added tax returns to KRA for 2016 income.
He allegedly committed the second charge with others not before court on diverse dates in 2016.
In the third count, Mr Ranchodbhai allegedly failed to declare Sh237,177,262 value added tax returns for last year.
He was also charged with failure to file a income tax returns by due date with the Commissioner of Domestic Taxes for his 2015 and 2016 income as required by the law.
The trader pleaded not guilty to the four charges before the Nairobi Chief Magistrate Francis Andayi who freed him on Sh3 million surety bond or Sh1.5m cash bail.
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