Anti-Corruption Court Bites Hard in Landmark Ruling On VAT Fraud, Slaps Businessman With Shs1.4Bn Fine
By Keefa Nuwahereza
The
Anti-Corruption Court on Friday convicted Leonard Alikiriza, the Managing
Director of Nyaks & Lenny Enterprises Ltd and Leds (U) Ltd, on 6 accounts
of making false and misleading statements to a Tax Officer, contrary to section
58 (1) (a) of the Tax Procedures Code Act, 2014 causing a tax loss of Shs497,397,982
in respect of LEDS (U) LTD and Shs1,980,032,566 in respect of Nyaks & Lenny
Enterprises Ltd.
Alikiriza
was jointly charged with Musisi Majidu, an agent of Xing Dongmin and Hongai on
two accounts of conspiracy to commit a felony contrary to section 390 of the
Penal Code Act Cap 120. The accused were however acquitted on the charge of
conspiracy.
This
was a VAT fraud case which involved transactions between the accused person’s
companies (Xing...