Sportpesa parent firm Pevans East Africa fire its director Paul Ndung'u over tax scandal claims

 

Sportpesa boss Ronald Karauri photo

Sportpesa parent firm Pevans East Africa director fire one of their own in a tax scandal claims.

Businessman Paul Ndung’u was shown the boardroom door of troubled gaming firm SportPesa.

The shareholders’ distress set to deepen further as Kenya Revenue Authority (KRA) now demands Sh95 billion in tax arrears and penalties.


For months, the troubled betting firm, linked to Bulgarian criminals, has been under the taxman’s investigation with a team thoroughly picked to look at the company’s ledgers, agreements, financial statements and invoices.



It emerged that the tax underpayments by Pevans East Africa Limited, SportPesa’s parent company, were a wrong bet and KRA’s demand for Sh95 billion covering three years since 2017 might depress the company.


The firm that took young Kenyans into betting waves, now walking under the tight rope in a verge of collapsing.

It's revealed that the company camouflaged by the billions of shillings it spent to promote its SportPesa brand, both locally and abroad, where it sponsored Everton, an English Premier League team, and Formula 1 and other African leagues.

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