Home Business Lebanese firm barred from auction of KPC assets in tax battle

Lebanese firm barred from auction of KPC assets in tax battle

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Business Daily | by Sam Kiplagat


A Lebanese firm that constructed the Mombasa-Nairobi oil pipeline has been stopped from auctioning Kenya Pipeline Company (KPC) a disputed debt of Sh805 million.

The Court of Appeal stopped the seizure after KPC argued that its appeal would be rendered useless because there is evidence that it has already paid substantial sums of Zakheem International Construction tax arrears to the Kenya Revenue Authority (KRA)…

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