Harare businessman charged over duty payment
Publish date: 10 February 2020
Issue Number: 859
Diary: IBA Legalbrief Africa
Zimbabwean businessman and socialite Genius Kadungure has been charged with fraud over the importation of his luxury vehicle from SA. He allegedly undervalued the vehicle, using a fake receipt, in order to make a lower duty payment to the Zimbabwe Revenue Authority (ZIMRA). A report on the IoL site notes that the businessman was last year ordered to pay an additional $58 000 in import duty, on top of the $81 000 already paid to ZIMRA for his Bentley Continental GT. The vehicle is valued at $126 000, according to papers filed in the Zimbabwe High Court.