Olympus computer directors charged with tax fraud

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Olympus Computer Garage limited directors have been charged with fraud of Sh 73 million in relation to tax.

George Bhutto Obiga and Bernard Ochieng Okello are charged alongside their company with knowingly making incorrect statement through under declaration of customs value of goods which affected their liability to tax there by reducing the VAT payable by Sh 73,626,325.98 for the year 2014.

The businessmen are alleged to have committed the offence between 1st January and 31st December 2014 in Nairobi.

The two face several other counts of fraud in relation to tax of Sh 323,003,569.93 for the year 2015 and Sh 123,190,381.85 for the year 2016.

The accused are also alleged to have claimed relief the are not entitled to through fictitious invoices to claim purchases against sales resulting to tax due and payable of Sh 32 million for 2016.

In addition, the two are accused of defaulting to file their returns and giving false or misleading statements by filing nil returns for the year 2014.

They denied the charges before Chief Magistrate Francis Andayi and were granted a bond of Sh 4 million or a cash bail of Sh 2 million.