The largest Chinese firm, House Mart Limited, is embroiled in Nairobi over money laundering, fraud, and tax evasion scandals.
This now puts it in an ugly situation that tainted its global image, with some experts urging investors to shun away with it.
To prove our allegations, Housemart Co. Limited’s Managing Director has already been arrested and charged at a Kenyan court over tax fraud and other related charges.
For instance, Housemart Limited Firm’s Director Ye Wei has been charged in court with Sh3 billion in tax fraud, among other deadly offenses.
According to the court papers, the man allegedly bribed some Kenyan KRA staff officials with millions, who in turn helped him to boycott paying tax, which he did successfully.
Several media houses failed to run the story on him over unclear circumstances.
The alleged rogue director is charged alongside the House Mart Limited company, which is now at the center of fraud.
The House Mart Co. Ltd. director has denied the charges and is out on a bond of millions.
More to follow…..
