Tatu City directors accuse foreign partners of Sh1.5bn tax evasion

Tatu City investors Tuesday accused their foreign counterparts of repatriating billions of shillings from the sale of land in Kenya to offshore accounts in Mauritius, Bermuda and Germany without paying taxes.

Tatu City chairman Nahashon Nyagah and minority shareholder Stephen Mwagiru made the allegation as they sought Parliament’s intervention to protect the interest of Kenyans in the multi-billion shilling real estate development and have the foreign directors pay necessary taxes for land sold.