The Zambia Revenue Authority, working together with other law enforcement agencies, has apprehended renowned business mogul Shawki Fawaz for alleged tax-related offences involving over K100 million.
According to the Zambia Revenue Authority, Mr. Fawaz was apprehended on Friday, 27th March 2026, following investigations into suspected tax fraud activities linked to several companies.
Preliminary investigations have revealed that Mr. Fawaz, as a director and beneficial owner in a number of companies, allegedly acted with other individuals with the intent to defraud the State.
The Authority claims he evaded tax through fictitious VAT claims, under-declaration of income, and the submission of false tax returns.
ZRA further stated that the suspect is linked to various companies that have been under investigation for tax fraudulent activities amounting to millions of kwacha.
The Authority confirmed that Mr. Fawaz is currently in lawful custody and is expected to appear before court soon.
Meanwhile, ZRA reiterated its commitment to safeguarding public revenue and ensuring strict compliance with tax laws. The Authority warned that individuals involved in tax malpractices will be pursued and brought to justice, urging members of the public to report any suspected tax-related offences.
The statement was issued by Oliver Nzala, Manager – ZRA Corporate Communications.
