Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


CORRECT: Name suppression lifts on Imran Kamal in tax case

CORRECT: Name suppression lifts on Imran Kamal, accountant in Gilchrist, Anderson tax dodge

(Fixes incorrect sentence in 10th graph)

By Suze Metherell

Jan. 13 (BusinessDesk) - Name suppression has lifted for convicted Wellington accountant Imran Mohammed Kamal, who played a key role in the fictitious invoice writing scheme of former Inland Revenue Department official Brent Gilchrist and former associate Scott Anderson.

Kamal's company, Accountants First, received and paid fake invoices from Gilchrist and Anderson's IT company. The invoices were paid into Kamal's own offshore bank account and he would keep 90 percent of the funds, dividing the rest between the others as a 'fee' for their involvement, the IRD said in a statement.

On his LinkedIn profile Kamal lists having worked as a senior accountant and auditor for Deloittes and was twice nominated, and once a finalist, for the Wellington region's chartered accountant of the year in 2003 and 2007.

Accountant's First describes Kamal as "a lateral thinker and business strategist." His "visionary ideas are geared toward prospects for growth," according to the firm's website.

The IRD'S group tax counsel Graham Tubb said Kamal was a "key player" in the tax evasion case.

"Accountants First Limited also altered tax invoices in an attempt to hide the offending, and used the offshore bank account in a tax evasion scheme, redirecting the funds back into New Zealand through paying for work done on Mr Kamal's house."

The IRD welcomed the Wellington High Court's decision to lift name suppression as of Jan. 10.

"By acting as he did, Kamal has abused the trust placed in him and also used his knowledge and his position to try and cheat the system, but for all that, he still failed and will bear the consequences,"

Tubb said. "The public can be confident that Inland Revenue will take action, including in some cases the removal of the right to act as a tax agent for others."

Kamal was sentenced to three months home detention and 150 hours community work in February last year. The order to lift name suppression was made on Dec. 19.

Last year, Gilchrist got 10 months home detention and Anderson was sentenced to 3 ½ years jail.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news