Connect with us

Business

SportPesa win as high court lifts account freeze

Published

on

Betting company SportPesa finally have a reason to smile after the High court’s decision to lift an order of preservation over claims of evading taxes amounting to more than Ksh14 billion.

The preservation order had also affected the company’s MPESA Pay bill and Till numbers.

The order was obtained in September by Kenya Revenue Authority

SportPesa CEO Ronald Karauri at a past function.

The taxman in the application had stated that the betting company had been conducting business fraudulently and thus denying it the chance to collect huge amounts of tax.

In the Ksh 14 billion the company owed KRA, Ksh 12.3 billion covers principal tax and Sh2.4 billion is for penalties.

The ruling was done by High court judge David Majanja after SportPesa filed an application stating that KRA had not furnished it with the application as well as the preservation order as required by Section 43 of the Tax Procedures Act.

The return of SportPesa was last month put on hold by Betting Control and Licensing Board.

Jackpot winner.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending