YMW Property Company owner arrested

Written by  MBC Reporter

The Malawi Revenue Authority – MRA has arrested Yeremiya Chihana, the owner of YMW Property Investment Company, on suspicion of tax evasion. 

21
July

 

Yeremiya   Chihana was arrested on Friday for being suspected of not remitting value added tax to MRA since 2009.   

 

He is also suspected to have smuggled several motor vehicles into the country without paying custom duties.   The estimated amounts of taxes and duties are at over K1.3 billion.  

 

Yeremiya   Chihana also owns Vikawu Trust, Steers Auctioneers and Estate Agency, New Chikale Beach, YMW International Transport/Bus Services Limited, Limex Limited, Prudential Consultants and Dutch Contractors.     

 

MRA is appealing to members of the public to always report any malpractices involving tax fraud.   

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