Latest Posts

How a Racket of Indian Conmen Jigar Chandarana, Friends Were Busted Selling Fake URA Invoices

Three Indians who are directors of Wellex Hardware Limited led by Jigar Chandarana were convicted by the Anti-Corruption Court in Kololo for generating and selling fictitious invoices.

They were convicted on 5 counts of making false statements to a tax officer contrary to Section 58(1)(a) of the Tax Procedures Code Act, 2014.

Each of the accused person was sentenced to a fine of shs 20,000,000 or to face Five (05) years imprisonment in default.

Accordingly, URA’s lawyers were able to secure shs 102,878,055 in taxes which Wellex Hardware Limited agreed to pay fully as assessed.

According to information obtained by this website, investigations into the tax affairs of Wellex Hardware Limited commenced in 2022 after URA’s intelligence received information about an Indian businessman that was suspected of trading tax invoices among different companies that registered for VAT purposes.

The availed information further indicated that the directors of Wellex Hardware Limited were at the top of this syndicate where they made sales to their clients/consumer but generated and sold a number of tax invoices to beneficiaries for a commission.

Wellex Hardware where these Indians hide while committing crimes

However, it is also revealed that the directors oftenly declared these fake invoices as output VAT in the period between 2018-2022 till their criminal activities were ended by URA’s tax investigations team.

Wellex Hardware
Some of the beneficiaries of this tax crime syndicate include China Railway No.3 Engineering Group Ltd (CR3) a wholly owned subsidiary of China Railway Group Limited, one of the biggest construction enterprises in the world.

The company is also ranked among the Fortune Global 500 and is listed on the Shanghai and Hong Kong stock exchanges.

It is stated that China Railway No.3 Engineering Group Limited claimed input VAT of shs 211,869,259 from fictitious purchases of shs 1,117,051,439 and thus causing revenue loss to the government of Uganda.

The URA Commissioner of Tax Investigations Denis Kugonza has often called out taxpayers to be on high alert and distance themselves from dealing with such unscrupulous individuals.

Their involvement in these kinds of tax fraud schemes have consequences to not only the unsuspecting taxpayers, but on the entire economy.

He also encourages taxpayers who have any outstanding tax liabilities to come forward and fulfill their obligations before the end of this Financial Year 2022-2023.

Loading

Don't Miss

EXPOSED! Muyenga Tycoon’s Maid Cited In Land Wrangle

In recent days, Muyenga, Y2K Zone a push Kampala suburb,

Parliament Orders Closure Of Fuelex Petrol Stations For Adulterating Fuel

The Parliamentary Committee on Trade And Industry led by Mbarara

Big Story: Parliament Probes UETCL Bosses Over Corruption, Mismanagement & Controversial UGX 28Billion Compensation Deal

Members of Parliament on the Committee on Environment and Natural

‘Back Off Buganda Land’ Kabaka Mutebi Castigates People Pushing For Abolition Of Mailo Land Tenure System

The Kabaka of Buganda Kingdom Ronald Muwenda Mutebi II has

Big Story: IGG Probes Over Shs1bn Ubos Fraud

The Inspector General of Government (IGG) is investigating top officials

EXPLOSIVE: How Speaker Kadaga & Confidant Hon. Okupa Spent Over US $764,000 (Shs2.8 BN) In-less Than 2 Years In Travels Abroad

Since taking office as Deputy Speaker of Parliament way back

Ham Vs DTB Appeal: Bank Of Uganda Runs Out Of Case, Leaves DTB To Carry Its Own Cross

Bank of Uganda has officially quit the case involving city

Amnesty International Joins Push To Free Presidential Runner Robert Kyagulanyi

The Ugandan authorities must immediately lift the police and military

Exporters Call For Strong Action Against EAC States’ Trade Barriers

Manufacturers have called on the government to impose tough measures

Big Story: How KCCA Officials Messed Up Youth Fund Programs, Stole Billions of Gov’t Funds In Shoddy Deals

Kampala: If there is any government Authority that frustrating President

I Predict Museveni, NRM Victory In 2021 Elections

By Faruk Kirunda Kampala: As we dive into the high

Crisis: Lord Mayor Lukwago Defies Court Order, Appoints Balondemu As Chairman K’la District Land Board

Veteran lawyer Hajji Elias Lukwago, who is the Kampala city

Scandal: Stanbic Bank Bosses Allegedly Steal Borrowers’ Land Titles, Mortgage Them To Dfcu Bank

Several officials at Stanbic Bank are in deep trouble after

Scandal: KCCA Officials On Spot For Blowing Shs 8Bn Under The Guise Of Renovating Old Tax Park

Several officials at the Kampala Capital City Authority (KCCA), are

Covid-19 Crisis: Ugandan Students Expected To Sit For UNEB Exams In March 2021

All indications are that a dead year will not be

BoU To Appeal In Supreme Court Over Trashed Crane Bank Case

The Bank of Uganda (BOU) has said it will be

Shame As Top Police Boss Is Convicted Of Car Theft, Ordered To Pay Over Shs282M

Untold shame has engulfed the Uganda Police a senior officer

Just In! Energy Mafias Rock Parliament As Patriotic Young Turks Question AIGP Akullo’s Involvement In Min. Energy Corruption

Panic has rocked Parliament as renowned Parliamentarian and Lawyer Hon.

Energy Mafias Debunked Part III: How Werikhe, Turyagyenda Corruptly Swindled Shs15 Bn For 3 Electricity Distribution Projects In Acholi, Bunyoro & Kiruhura

FUNDING THE COUP THROUGH ENERGY AND MINERALS CORRUPTION By the

Just In: Top Energy Officials Fired On Presidential Orders Over Massive Theft Of Electricity Distribution Funds

By Our Reporter Kampala: Two senior officials of Rural Electrification

Salary Scam Hits KCCA AS 29bn Is Paid To Ghost Workers

After Eng Andrew Kitata took over as the acting Executive

Ex Chief Justice Benjamin Odoki Breaks Silence On Handling Presidential Election Petitions

Retired Chief Justice Benjamin Odoki has shared his agony of

Unemployment Amongst Youth Is A Great Driving Factor To Political Violence, Electoral Fraud

By Emmanuel Mukwaya I congratulated Winners in the past National