Home Business News Companies Platinum Distillers closed down over tax evasion

Platinum Distillers closed down over tax evasion

PlatinumDistillers Limited an alcoholic drinks manufacturer based in Ruiru has onSunday been closed down over tax evasion.

Four peoplehave been arrested following a sting operation by Kenya Revenue Authority overan alleged tax evasion plot of Ksh 14 million.

PlatinumDistillers are said to have concealed its imports as raw materials for makingalcohol in order to pay less tax.

The distillersended paying up Ksh 383,000 as taxes after concealing the goods as ethanol fromIndia when they should have actually pay Ksh 14 million in taxes.

Early February another distiller company called African Spirits was found with ethanol of huge amounts with fake stamps from KRA following a joint operation by KRA, DCI and Flying Squad.

Also read: Gucci owner owes $1.6 billion in back taxes,Italy report indicates

AfricanSpirits are the manufacturer of Blue Moon Vodka, Furaha Vodka, Furaha gin amongother brands.

Police arehowever still searching for the owner Humphrey Kariuki who is a tycoon for theoffense of tax evasion.

A manhunthas also been launched for other people linked to the tax evasion syndicate atAfrican Spirit.

Platinum Distillers closed down over tax evasion
Slavian Mwangecho
Passionate blogger on a day to day activities happening in Kenya, Africa and around the world. A keen follower of the latest news making headlines around the world

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