LIFESTYLE NAILS GINIMBI


Ginimbi has failed to account for his lavish lifestyle between 2010 and 2012 when the Zimbabwe Revenue Authority (Zimra) undertook a lifestyle audit on him.

His company, Piko Trading, also failed to declare income returns to Zimra from gas sales during the same period. Piko Trading is facing accusations of smuggling 5 289kg of gas into the country.

State witness Mr Adrian Maudzeni said as Ginimbi trial kicked off  : "We conducted a lifestyle audit and source of income for the client from 2010 to 2013. The client was requested to give proof of source of income and client failed to give proof of source of income between 2010 and 2012.

"The client later provided proof for 2013 to 2015, so he was left with a liability to declare for that period. Zimra was prejudiced $119 815,93 which was undeclared. The total prejudice was $30 864,19 including interest and penalties. To date, $30 000 was recovered on January 15, 2020." Mr Maudzeni said the amount was due when they conducted the audit.

"Although he is saying he made a payment of $5 000 today (yesterday) "The charge is not on the amount or dispute on the figure with Zimra, but the charge is on non-submission of returns. The claims have not been submitted."

The trial continues tomorrow.

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