How Devki tycoon dodged a Sh5.4bn bill in KRA fight

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Billionaire Narendra Raval has dodged a Sh5.4 billion tax bill after securing court victories against the Kenya Revenue Authority (KRA), shining a spotlight on a botched deal he signed with the Jubilee administration to secure duty relief for three of his companies.

In the latest of the three triumphs, Mr Raval, the Devki Group founder and chairman, won a legal fight against the KRA over Sh1.44 billion in unpaid value-added tax (VAT) that the taxman demanded from his Maisha Mabati Mills.