Ex-Director Blamed as KRA Pursues Oki General Trading Over Sh827 Million Tax Dispute

Former Oki General Trading director Honey Khatwani has been blamed for the tax troubles facing the company after the Kenya Revenue Authority (KRA) demanded Sh827.4 million in alleged unpaid taxes linked to transactions carried out during his tenure.
In filings before the Tax Appeals Tribunal, the company stated that most of the disputed transactions and withdrawals occurred between 2020 and 2024, when Khatwani was overseeing the firm’s operations and finances.

KRA is seeking to have the Tribunal uphold the assessment, which comprises Sh258.2 million in Pay As You Earn (PAYE), Sh438.4 million in corporation tax, Sh130.6 million in Value Added Tax (VAT), and Sh44,877 in withholding tax.
According to documents presented before the Tribunal, investigations into Oki General Trading’s Ecobank and Absa Bank accounts uncovered withdrawals exceeding Sh604 million made by directors and staff members during the audit period.

The tax authority argued that the withdrawals amounted to taxable earnings and benefits.
“The drawings by the company’s staff and directors from company bank accounts were presumed to be earnings and were therefore subjected to PAYE,” KRA stated in its filings.

However, Oki General Trading maintained that some of the questioned transactions involved unauthorized withdrawals and misappropriated funds allegedly linked to Khatwani’s period as director.

The company further argued that KRA wrongly classified the disputed withdrawals as employment income despite ongoing criminal and commercial proceedings relating to the alleged loss of company funds.

Khatwani is separately facing criminal proceedings over claims that he stole approximately Sh356 million from the company between January 2020 and June 2024 while serving as a director.
Court documents in the criminal case allege that company funds were diverted into personal accounts and used to establish other businesses.
Before the Tribunal, KRA also accused Oki General Trading of understating imports, failing to account for stock reflected in customs records, and claiming purchases for which customs duties had allegedly not been paid.

“The variances indicate that the company received stock items more than those accounted for as purchases in the financial statements,” KRA argued.
The authority further faulted the company for failing to provide payroll records, employee contracts, forensic audit reports, transfer pricing documents, and stock reconciliation records during the objection process.
KRA confirmed the assessment through an objection decision dated July 17, 2025, after the authority said the company failed to provide sufficient supporting documentation.
The Tribunal also received company registry records linked to related commercial disputes.
A Companies Registry extract dated April 7, 2026, and addressed to CJ Law & Associates LLP lists Sai Nath Ventures Limited under a company registration number with Kamlesh Parwani and Metrine Vihenda named as directors and shareholders.

The registry records indicate that the company is registered along Waiyaki Way in Nairobi’s Parklands area.The system-generated certificate was issued by the Registrar of Companies on April 7, 2026.

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