The Kenya Revenue Authority (KRA) has experienced significant losses of excise stamps from its Times Tower vault, attributed to a sophisticated tax evasion syndicate. This has led to a loss of potential revenue and an ongoing investigation into KRA staff and the contracted Swiss firm, SICPA SA.

• Approximately 24 million excise stamps have been stolen over three years.
• The KRA is investigating six employees, with one already dismissed.
• Potential revenue loss is estimated at over Sh120 million from a portion of the stolen stamps in just one incident.