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The Zambia Revenue Authority (ZRA) says renowned business mogul Shawki Fawaz was on Friday, March 27, 2026, apprehended for tax-related offences involving over K100 million.
Preliminary investigations revealed that Fawaz, as Director and Beneficial Owner in a number of companies acting with other individuals and with intent to defraud the state, was alleged to have evaded tax through fictitious VAT claims, under-declaration of income, and submission of false tax returns.
In a statement issued in Lusaka on Saturday, Oliver Nzala, ZRA Manager for Corporate Communications, said Fawaz was arrested in conjunction with other law enforcement agencies (LEAs).
Nzala said the suspect was linked to several companies that have been under investigations for various tax fraudulent activities amounting to millions of Kwachas.
He is currently in lawful custody and is expected to appear before court soon.
“The ZRA reiterates its commitment to safeguarding public revenue and ensuring that taxpayers strictly comply with applicable tax laws and seal revenue leakages being perpetuated through various forms of economic sabotage and illicit financial flows,” he said.
Nzala further warned taxpayers and individuals involved in tax malpractices that they will be pursued and brought to justice.
“Members of the public are therefore encouraged to report any suspected tax-related offenses,” he added.
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