Chinese businessman arrested over fraud

The proprietor of Teng Fei Communication Ltd, a Chinese company, only identified as Zhang, was on Wednesday held by the police for allegedly forging invoices with intent to defraud Rwanda Revenue Authority (RRA) millions of francs. According to RRA, Zhang allegedly presented forged invoices claiming to have bought various goods, including building materials from SOGESC and ARISE Enterprises worth Rwf 53,8487,750 million so as to claim the corresponding Value Added Tax (VAT) worth Rwf 8,214,216 million for the said transactions.