KIDERO TO PAY THE TAXMAN 423M

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Former Nairobi Governor Evans Kidero woes still haunting him after finishing his term. Kidero whom has also been on the radar of anti-corruption agencies for embezzling Nairobi county funds, will be forced to pay KRA (Kenya Revenue Authority) a whopping 423 Million for failing to provide evidence how the money was raised.
The High Court ordered former Nairobi Governor Evans Kidero to pay the Kenya Revenue Authority (KRA) Ksh.427,269,795.00 in taxes for money raised towards his campaigns.

Justice David Majanja, in a ruling dated February 4, stated that Kidero failed to demonstrate that the funds in question were raised for the campaigns and were actually utilized for that purpose.
The directive follows an audit by the taxman over the fundraiser money which Kidero maintained was raised and used for political party campaigns towards his Nairobi gubernatorial bid, thus exempting it from taxation.

“Consequently, the Tribunal erred in imposing on the Commissioner the burden of disproving the Respondent’s contention that the KES 423,000,000.00 was election campaign contributions when he had not provided sufficient evidence to surmount his obligation to establish this source of income,” said Justice Majanja.

Additionally, the audit revealed that the money was being deposited together with other business proceeds into Kidero’s personal bank accounts.

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