News
Do Not Touch Humphrey Kariuki’s Assets, Government Warned
The Director of Criminal Investigations (DCI) and the Director of Public Prosecutions (DPP) have both been ordered to keep their hands off billionaire Humphrey Kariuki’s assets and Companies by a court of law.
The two agencies had submitted a bid to be allowed to pursue assets and properties of alcohol manufacturer Africa Spirits Limited (ASL) and Wow Beverages Limited (WBL), based in Thika, Kiambu County.
In August 2019, a Kiambu Court ordered the DCI to stop tracing and seizing assets of ASL and WBL or properties of Mr Kariuki or companies and his business associates, an order which Cecil Miller, the tycoons lawyer says was disobeyed.
Milimani senior principal magistrate Elector Riany while delivering the ruling sided with the High Court’s earlier decision to stop the defendants (DCI, DPP and Kenya Revenue Authority) from attaching the Kariuki’s assets.
Humphrey Kariuki who is facing a Sh41 billion tax evasion case. Justice Luka Kimaru had earlier stated that the DCI was barred from pursuing the tax related investigations in ASL and WBL.
As part of their investigations, the DCI through the DPP had applied to trace and seize assets belonging to WOW, ASL and companies and persons affiliated to Mr Kariuki alleging huge sums of money were about to be moved through the companies bank accounts.
The magistrate further allowed the application by Miller for the two companies on August 13, 2019 to set aside the orders initially obtained by the DPP to freeze bank accounts held in Kenya Commercial Bank (KCB) and the National Bank of Kenya (NBK).
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
Winnie Odinga, Oketch Salah Clash Over Raila’s Last Moments
SCANDAL: 20 Kenyan Athletes Found Guilty of Age Cheating
Details of Ida Odinga’s Job at UNEP
How Rogue Hospitals Siphoned Sh11 Billion From SHA in Massive Healthcare Heist
Norway Police File Charges Over Suspected Oil Bribery in Congo Republic
Paul Ndung’u Sues SportPesa for Sh348 Million in UK Court, Accuses Safaricom Boss of Sh2.3 Billion Conspiracy
Katwa Kigen, Chacha Mwita and Issack Hassan Named Among 15 Court of Appeal Judges Appointed by Ruto-Full List
Breaking: Chief, Teacher Killed in Suspected Al-Shabaab Attack in Garissa
CS Julius Ogamba Threatens to Sack Principals Over Grade 10 Admission
Ida Odinga Accepts Ruto’s UN Top Job
Billions Stolen, Millions Laundered: How Minnesota’s COVID Fraud Exposed Cracks in Somali Remittance Networks
Julius Mwale Throws Contractor Under the Bus in Court Amid Mounting Pressure From Indebted Partners
MAINGA CLINGS TO POWER: Kenya Railways Boss Defies Tenure Expiry Amid Corruption Storm and Court Battles
Pastor James Irungu Collapses After 79 Hours Into 80-Hour Tree-Hugging Challenge, Rushed to Hospital
Eastleigh Businessman Accused of Sh296 Million Theft, Money Laundering Scandal
Inside Nairobi Firm Used To Launder Millions From Minnesota Sh39 Billion Fraud
Unfit for Office: The Damning Case Against NCA Boss Maurice Akech as Bodies Pile Up
Most Safaricom Customers Feel They’re Being Conned By Their Billing System
betPawa Empire Crumbles: Mr Eazi’s Betting Gambit Unravels Amid Partner’s Shadowy Deals
Tax Payers Could Lose Millions in KWS Sh710 Insurance Tender Scam As Rot in The Agency Gets Exposed Further
-
Business1 week agobetPawa Empire Crumbles: Mr Eazi’s Betting Gambit Unravels Amid Partner’s Shadowy Deals
-
News6 days agoDCI Probes Meridian Equator Hospital After Botched Procedure That Killed a Lawyer
-
Business5 days agoMinnesota Fraud, Rice Saga, Medical Equipment Deal: Why BBS Mall Owner Abdiweli Hassan is Becoming The Face of Controversial Somali Businessman in Nairobi
-
Business1 week agoKRA Boss Humphrey Watanga In Big Trouble In Sh5.5 Billion Rice Import Scandal
-
Investigations2 weeks agoKERRA Homa Bay Region Manager Calvince Thomas Accused of Swindling Businessman Ksh 2 Million in Phantom Tender Deal
-
Business1 week agoState Set to Demolish Pastor Ng’ang’a’s Church in Sh28 Billion Railway City Push
-
Business7 days agoControversial Turkish Firm Celebi Canceled in India Over Security Concerns Acquires Strategic Property in Nairobi’s Main Airport
-
Politics5 days agoYour Excellency! How Ida’s New Job Title From Ruto’s Envoy Job Is Likely to Impact Luo Politics Post Raila