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Senator’s husband arrested for allegedely defrauding the government Ksh64 Million

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Senator Susan Kihika’s husband, Samuel Mburu is among the 15 arrested in connection to an alleged Ksh64 million tax fraud case.

Mburu was arrested even as former Managing Director of the Kenya Bureau of Standards Charles Ongwae and former director of Quality Assurance Eric Kiptoo are set to face charges for colluding with three companies to undervalue imported goods.

The Kenya Revenue Authority (KRA) also seized six top-of-the-range vehicles belonging to the businessman.

Mburu and his brother Hillary Kamau are allegedly accused of using their company, Landmark Freight Services Limited, to defraud the taxman.

Kamau has allegedly been on the run, since being put on the wanted list.

Other companies allegedly implicated in the scandal are Gendipe Enterprises and Rupai Trading Limited.

Gendipe and Rupai with the help of Landmark imported goods from Dubai, which they declared to be machinery (whose payable taxes are between 0-10 per cent) but were later found to be cooking oil (taxes range from 25-35 per cent).

Valuation confirmed that the actual taxes payable by Gendipe Enterprises and Rupai Trading Ltd were Ksh7.1 million and Ksh52 million, respectively.

“Further it was established that Gendipe Enterprises paid a penalty of Sh148,816 instead of the required Sh4.4 million while Rupai Trading Ltd paid a Sh148,300 penalty instead of Sh4.4 million. In general, the country lost a total of Sh64, 944,112 that would have been received as revenue,” said Director of Public Prosecutions Noordin Haji.

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“Following numerous cases of evasion and avoidance of tax payment that has affected collection of government revenue, the DCI commenced investigations with regard to mis-declarations and importation of contraband products into the country,” he added.

The individuals and the companies will face charges of connivance to commit an offence, concealment of imported goods, abuse of office, neglect of official duty, wilful disobedience of statutory duty and breach of trust.

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Jiweke Tavern owner collapses, dies in his house

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Jiweke Tavern Restaurant owner John Keige has died.

The city tycoon collapsed and died outside outside his home in Nyari Estate, Nairobi.

He was quickly rushed to Nairobi Hospital where he was pronounced dead on arrival.

According to his domestic employees, Keige had just completed taking lunch, and decided to take a walk but collapsed moments after getting out of his house.

“Boss had just finished having lunch when he decided to go jogging. A few steps outside the gate, he collapsed,” One of his workers told The Standard.

Confirming the businessman’s sudden death, Keige’s sister Elizabeth Keige said his brother died on Tuesday afternoon, July 7 and he will be laid to rest on Tuesday, July 14.

He will be burried at a private funeral at the family rural home at Muruka in Kandara, Murang’a county.

Rumours had it that the tycoon died from COVID-19 but his doctor dismissed the claims saying he died of a heart attack.

Jiweke Tavern is located off Ngong Road in Nairobi.

In April, the entertainment joint made headlines after it reportedly refused to host a group of atheists on Easter Weekend.

The club is hailed for its consistent good service provision from the bartender to the bouncers.

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You can own this Bugatti La Voiture Noire car for only $19m or Ksh1.9B

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Most expensive cars in the world – what are they and how much do they cost? We’ve gathered a collection from 10 most expensive autos all over the world – from Bugatti Chiron with price tag $2,7 million to Bugatti эLa Voiture Noireэ for $19 million. Some of them are impossible to buy even you have required amount of money. LKat’s begin with Bugatti.

Bugatti has unveiled the “La Voiture Noire” translated as “the black car” made entirely from carbon fiber. The first one of the Limited Edition car has been sold for $19 million to Ferdinand Piech, the owner of VW group.

Designed by Salome Etienne, it is inspired by its predecessors Veyron and Chiron and the pre-war Type 57SC Atlantic.

Powered by an 8 liter, 16 cylinder engine that churns out a jaw-dropping 1,500 HP the car should be able to reach above 450 km/h. Bugatti has refused to reveal its performance specifications.

The front is dominated by the trademark horseshoe-shaped Bugatti grill and blends into an aerodynamically swept-back design with sloping windscreen and wrap-around tail lamps. Also be sure to check best free car website templates and themes.

Bugatti La Voiture Noire

Bugatti La Voiture Noire

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READ ALSO:   VIDEO: Uhuru inspects projects in Kajiado as Moses Kuria mocks his Big4 agenda
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Smell of money: The millionaire chamas of Nairobi’s Marikiti market

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Wakulima Market or ‘Marikiti’ is one large pipeline of food to residents of Nairobi. It is noisy, dirty and has always been busy since opening shop in 1967. It’s not the kind of place anyone would imagine is a hub of millionaires.

But Maritiki, Kikuyu corruption for ‘market’,  has churned out millionaires in real coin on the back of trading in potatoes, tomatoes, hoho, nduma, nguace, maize, beans and assorted fruits. For starters, traders in the chaotic market have a collective business turnover of between Sh100 million and Sh500 million in a day! That’s before deduction of operating costs, according to Cyrus Kaguta Githaiga, the chair of Marikiti market  Such money can attract dark forces — which is why there are daily  interdenominational fellowship sessions to fight juju. Though initially meant for 300 traders, the market now serves over 20, 000 people, comprising farmers, wholesalers, brokers, retailers, vendors, handcart pushers and the kua – the carriers on whose backs and shoulders sacks reach different bus stops en-route to the soko and then your plate.

The profit margins are eye-watering. A trader can go home with anything between Sh10,000and to Sh50,000 in one day. The bulk of traders are members of the Wakulima Market Traders Association Group, the chama which collectively run different businesses, including trucks, parcels of land in Thika, Juja and Ruai, besides owning several buildings around Kenya. There are also other chamas, mostly operated by women since the 1970s when, like all chamas, they started with dishing out money merry-go-round style in the 1970s. Some early members died and their children inherited the shares.

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The contribution is mandatory and one is fined for failing to make a contribution in time. A normal group has between 10 to 20 members who contribute between Sh500 and Sh1,000 a week.

The high rollers are in a different league, as they contribute Sh10,000 or more daily. Faridah Oronga a trader at Marikiti says through the chama, “I have educated my children and made other investments. Our chama has bought parcels of land valued at millions of shillings. I will get my share the day we decide to dispose of the lands. We have also invested in lorries that transport goods to various parts of the country.” Faridah adds that besides business, the chama also serves as a social welfare group. Each member contributes Sh1,000 to a sick member and “it is a must to contribute. Those who fail to contribute will also not get any help when they are in need.

During burials, we hire a bus and select a few individuals to represent us. We don’t let our own to suffer. We live as a family.” Salome Wanjiru has been operating at Marikiti since 1997 and says that “we oil the economy,” besides making individual investments like buying land in Ruai.

She says most Nairobians perceive them as simple market women yet “we own several buildings” and money from the chama has boosted her “dairy and poultry farming business back in the village, and all my children have completed university.” The traders also have access to readily available loans. Margaret Muthoni, a trader, says they borrow small guaranteed loans in the morning and repay in the evening.

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“I make enough to pay back the principal and keep the profit. The secret is to take advantage of the compounding interest.”

Women sell groceries at the Marikiti market in the morning. [File, Standard]

The market has 28 different sections with different products and thus, different chamas. Those dealing in potatoes and onions could for instance have their own chamas.

There are 20,000 non-registered and 8,000 registered members, but all groups fall under All Wakulima Market Traders Association with an elected chair.

Money collected by all the chamas easily oscillated between Sh100 million and Sh500 million in a day and Githaiga is proud: “We have created wealth and are successful. Most of us have built homes, own matatus and made investments worth millions of shillings using this concept. We realised that this initiative is a powerful tool, which has a lot of benefits.” Githaiga ensures all traders’ rights are respected, besides providing a conducive environment for working.

“We pushed for the closure of betting shops near the market because traders were becoming lazy and spent their earnings betting. Every day, we have a fellowship at 6am through Wakulima Interdenominational Pastors Welfare to fight juju,” he explained.

Githaiga says some of the biggest challenges is garbage disposal and “hawkers who create congestion on the roads adjacent to the market. Hawkers are good investors if they are managed well, but should be designated on less busy roads.”

READ ALSO:   VIDEO: Uhuru inspects projects in Kajiado as Moses Kuria mocks his Big4 agenda

Githaiga wants the county government to look into, among others; the expansion of Marikiti besides, improving its drainage system, refuse disposal and recycling of garbage.

Other downsides are that “many people don’t like coming to the market because they say it is dirty and insecure.” He says that for the chama to be successful, 100 per cent integrity is a must and rules should be set in such a way that if someone breaches them, they are fined.

Discipline is key.” Stella adds that to understand table banking, one has to look at cooperatives as a bigger version of table banking with the difference being that they have “greater numbers and systems to control the numbers, but the bigger the number, the larger the complications.

However, they’re  regulated and you can save and borrow three times your savings and at friendly interest rates.” One problem with cooperatives is that shares are controlled as some put a cap on monthly contributions, besides resolutions being passed during an AGM.

By Ghaflaco.ke

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