The Kenya Revenue Authority (KRA) has opposed a petition to voluntarily liquidate private equity firm ECP Kenya, arguing that the case filed by the former owner of popular restaurant chain Java House was meant to escape a tax liability of Sh3.3 billion.
The taxman reckons that the Kenyan arm of the US private equity firm ECP has not met the threshold for liquidation, arguing that it is bringing the firm to an end as a ploy to avoid settling the tax bill.
