Zimra loses $800 k to fraudster

The Zimbabwe Revenue Authority reportedly lost more than $800 000 to a suspected fraudster who used fake Value Added Tax invoices to claim refunds from the authority.

Edmore Kandira (35), the director of Chrised Investments Pvt Ltd, misrepresented to ZIMRA officials at Kurima House that he was into farming and was getting farming equipment from companies in Mutare.

He manufactured supporting invoices purportedly issued by the suppliers before claiming vat refunds. Kandira appeared in court before magistrate Tendai Mahwe charged with fraud.

He was remanded to July 27 on $500 bail.