Lebanese firm barred from auction of KPC assets in tax battle

Oil Tankers parked outside Kenya Pipeline Company(KPC) Nakuru depot on September 5, 2018. PHOTO | AYUB MUIYURO | NMG

A Lebanese firm that constructed the Mombasa-Nairobi oil pipeline has been stopped from auctioning Kenya Pipeline Company (KPC) a disputed debt of Sh805 million.

The Court of Appeal stopped the seizure after KPC argued that its appeal would be rendered useless because there is evidence that it has already paid substantial sums of Zakheem International Construction tax arrears to the Kenya Revenue Authority (KRA).

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