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KRA demands its pound of flesh from Imperial Bank owners

An Imperial Bank branch. The taxman has slapped a tax demand on a company owned by Imperial Bank’s directors, deepening woes for the embattled owners of the collapsed lender. PHOTO | FILE

The taxman has slapped a tax demand on a company owned by Imperial Bank’s directors, deepening woes for the embattled owners of the collapsed lender.

The Kenya Revenue Authority (KRA) is seeking the unpaid taxes from Upperview Properties, a firm owned by Imperial Bank’s deceased former managing director Abdulmalek Janmohammed and the lender’s directors.

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Note: The results are not exact but very close to the actual.

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