Nairobi, April 28 -- A businessman has been charged at the Milimani Law Courts with tax fraud involving use of fictitious invoices.

Peterson Maina Waruhiu, who is a director of Urotide Investment Limited, was accused of making false statements in his income tax returns for the years 2022 and 2023 by claiming fictitious purchases amounting to over Sh1 billion.

According to the charge sheet, the purchases were purportedly from four different companies, with the intention of fraudulently reducing his company's value-added tax (VAT) liabilities totalling Sh125.4 million.

Maina denied four counts of tax fraud contrary to Section 97(c) as read together with Section 104(3) of the Tax Procedures Act.He was directed to deposit a bond of Sh5 mil...