News
Businessman Chris Obure’s Linked Cullinan Private Jets, Glo Jet International Limited Suffers A Big Blow As Court Declares Its Millions Products of Money Laundering
It’s a big blow to two famous jet leasing companies linked to businessman Chris Obure after the High Court ordered that it to forfeit millions to the State after being declared proceeds of crime.
The court also said that the two firms above are linked to money laundering and Fraud.
In his long ruling at the Milimani Couts, Justice Patrick Otieno declared USD 54,257.85 and Sh 696,070.70 kept in Account in the name of Cullinan Private Jets Corp domiciled at I& M Bank Limited the proceeds of crime and ordered forfeited to the state with immediate effects.
“I hereby orders that the sum of USD 24,712.61 held in Account and Sh 1,134,691.33 kept in Account Number 6658001881 which are in the name of Glo Jet International Limited and domiciled at Ecobank Bank Ltd are proceeds of crime and ordered forfeited to the state,” ruled judge Otieno.
The same court directed two banks to transmit the forfeited sums to the Asset Recovery Agency with immediate effects and within Seven Days.
“This court has found that Glo Jet International Limited and Cullinan Private Jets Corp failed in that obligation and that the money stands out as reasonably suspected of being a proceed of crime,” ruled the judge.
The judge added, “When so is established, the law and public policy in Kenya demand that illegitimately acquired asset be deprived from the acquirer and forfeited to the government on behalf of the citizen against whom impropriety impact negatively,” he said in his landmark ruling.
This comes barely year Last where Mr.Obure and the team suffered a major blow after failing to convince a judge to suspend orders freezing its bank accounts, which were restricted over claims of money laundering.
According to our investigations, Cullinan Private Jet Corp, an alleged subsidiary of a company registered in Miami and Glo-Jet International limited, a subsidiary of a company registered in the state of Florida, wanted the order freezing its bank accounts in Kenya lifted.
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