By Zvikomborero Parafini
Controversial businessman and socialite Genius ‘Ginimbi’ Kadungure’s company Piko Trading is set to reach an out of court settlement with ZIMRA in the case he was accused of evading tax in gas trading, a Harare court has heard.
Ginimbi was back in court yesterday and appeared before regional magistrate Hosea Mujaya.
Representing the State, Admire Kumire and Lovett Masuku told the court that the State was waiting for Ginimbi’s lawyers to file their application for exception as highlighted on the previous hearing.
Ginimbi’s lawyer, Jonathan Samkange told the court that he hadn’t pursued that application because he had pursued an out of court settlement.
“I wrote a letter to the Prosecutor General informing him of the out of court settlement and yesterday ZIMRA called me for a meeting today (yesterday) and we advised them that we will be able to see them after this court sitting to put the proposals in writing because all ZIMRA wants is its money,” said Samkange.
The State’s representatives Kumire and Masuku were surprised that was the position causing the presiding magistrate to question why ZIMRA wasn’t communicating the position of the arrangements to the State that is going to represent them in their matter.
It was later agreed that the application for postponement had been overtaken by events as there was a scheduled meeting between ZIMRA and Ginimbi.
The matter will be back in court on March 20.
Allegations facing Kadungure and his company are that they declared to Zimra that they received a total of $3 194 329,47, including VAT, in sales, yet they had pocketed $24 187 026, prejudicing Zimra of $2 512 149.
It is also alleged that Kadungure, between January 2015 and March 2016, smuggled about 5 289kg of liquefied petroleum gas into the country, prejudicing ZIMRA of $672 533 in taxes.
Kadungure and his company allegedly failed to forward $355 559 in employees’ tax to the Commissioner of Taxes between February 2009 and April 2016.
He is charged in his personal capacity for failing to submit documents about his income to the Commissioner of Taxes from January 2010 to December 2015 as required by the Income Tax Act. H-Metro