The trial of businessman Genius Kadungure, popularly known as Ginimbi, for allegedly failing to declare income returns to the Commissioner of Taxes kicked off yesterday, with the court hearing that he failed to account for his lavish lifestyle between 2010 and 2012 when the Zimbabwe Revenue Authority (Zimra) undertook a lifestyle audit on him.
His company, Piko Trading, also failed to declare income returns to Zimra from gas sales during the same period.
Kadungure and his company, the court heard, were also not forthcoming with information regarding income and expenditure patterns when Zimra officials asked him to declare such for tax calculation purposes.
State witness Mr Adrian Maudzeni told the court that although Kadungure paid $30 000 in January this year and $5 000 yesterday into the Zimra account towards repaying the amount he allegedly prejudiced Zimra, he was still liable to answer to charges of failing to make the declaration.
Zimbabwe Energy Regulatory Authority acting chief executive Mr Eddington Tapera Mazambani told the court that records showed that the gas in question was imported by Piko Trading, which was trading as Pioneer Gas.
