The Zambia Revenue Authority, in collaboration with other law enforcement agencies, has apprehended prominent businessman Shawki Fawaz over alleged tax-related offences involving more than K100 million.
ZRA Manager for Corporate Communications Oliver Nzala said preliminary investigations indicate that Mr Fawaz, in his capacity as director and beneficial owner of several companies, allegedly acted with others to defraud the State.
Mr Nzala said the alleged offences include fictitious Value Added Tax (VAT) claims, under-declaration of income and submission of false tax returns.
“He is currently in lawful custody and is expected to appear in court soon,” he said.
According to ZRA, Mr Fawaz is linked to multiple companies that have been under investigation for various tax fraud activities amounting to millions of kwacha.
Mr Nzala reiterated the Authority’s commitment to safeguarding public revenue and ensuring strict compliance with tax laws, noting that efforts are ongoing to seal revenue leakages caused by economic sabotage and illicit financial flows.
“The Authority further warns taxpayers and individuals involved in tax malpractices that they will be pursued and brought to justice. Members of the public are therefore encouraged to report any suspected tax-related offences,” he said.
One has to question is he sponsoring the wrong party ???
No reflection on ZRA but the way things are going at the moment
Grant Kolala’s soul is not resting in peace. Until he rests bad luck will continue following Shawi
One sided garbage reporting. Did you reach out to the accused or rep for comment ?