Ginimbi judgment postponed

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Blessing Masakadza
STAFF WRITER
masakadzab@dailynews.co.zw

BUSINESSMAN Genius Kadungure will have to wait a little longer for judgment in cases in which his company Piko Trading is accused of smuggling over five million kilogrammes of liquid petroleum gas and him failing to submit income tax returns.

The judgment was initially set for yesterday, but had to be postponed to July 10 as the trial magistrate Crispen Mberewere was not available.

 

Ginimbi denied allegations that the company smuggled 5,2 million kilogrammes of gas, prejudicing the tax collector of US$1,4 million.

 

He also denied that he failed to submit income tax returns from 2010 to 2012, arguing that he had left the country and was resident in Botswana.

Piko Trading, has since been convicted of evading tax, prejudicing the Zimbabwe Revenue Authority of US$2 million.

The company also pleaded guilty to failing to pay employees’ tax, prejudicing Zimra of over US$350 000.
The court heard that in the tax evasion case Kadungure, representing Piko Trading, allegedly made false statements or entry into returns rendered in VAT between February 2009 and March 2016.

The company declared that it received US$3 194 329,47, including VAT in sales returns, while it had pocketed US$24 187 026, prejudicing Zimra of US$2 512 149 in the process.

Initially, Ginimbi was jointly charged with the company before applying for exception, arguing that the State had erred in charging him in his personal capacity, an application which was accepted by the court.

The court also heard that Piko Trading failed to pay US$355 559 in employees’ tax to the Commissioner of Taxes from February 2009 to April 2016, an allegation it admitted.

The court heard between January 2015 and March 2016, Piko Trading smuggled 5,2 million kilogrammes of liquefied petroleum gas into the country.

In his personal capacity, Ginimbi is accused of not declaring tax returns to the Commissioner of Taxes involving US$119 000, an allegation he denied.

Prosecutors Andrew Kumire and Lovet Masuku are appearing for the State.

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