Socialite and businessman Genius Kadungure who we know as “Ginimbi” got the shock off his life yesterday after the Harare magistrate court denied him bail in a court case where he is accused of siphoning money meant for Zimra (Zimbabwe Revenue Authority) of $3,5 million in a tax evasion scam. Ginimbi has forever been asked to prove the source of his income, but has failed. According to reports Ginimbi was not asked to plead when he appeared before magistrate Bianca who remanded him in custody until the 30th of November.
His lawyer after the judgement said:
“although bail was a right, Ginimbi committed a serious offence of fraud and there were reasons to believe he could flee to South Africa, where he has another home.
The ruling shocked both the defense and State counsels, who had not opposed the granting of bail of $1 000. It is alleged that from February 2009 to May 2016 Ginimbi with the intention of evading tax, misled Zimra by telling them that he had made total sales of $2,777,678 inclusive, instead of the actual $9,092,951. It is not shocking that over the past years Zimra conducted lifestyle audits of socialites such as Ginimbi after noticing their excessive expenditure, which was not matching with their tax declarations. He fly’s in private jets almost everywhere he goes and throws the biggest party’s that are usually attended by the most wealthiest people in business.
Ginimbi allegedly owns a residential property in Domboshava valued at $200 000, a Rolls-Royce motor vehicle valued at over $300,000, a Bentley valued at $500 000, a Range Rover valued at $200,000, a Mercedes-Benz valued at $150,000. It has been also alleged that he smuggled about 5,298,000kg of commodity valued at over $650,000.
With all this mayhem taking place the socialite still claims he is innocent.