News
Court Issues Warrant For Arrest Of Yagnesh Devani
An arrest warrant has been issued against business tycoon Yagnesh Devani for failing to appear in court for a second time in a Sh1.5 billion fraud case.
Devani was to appear to confirm whether he has been supplied with documentary evidence and other exhibits to be relied upon during trial.
He is accused of using his Company Triton in carrying the fraud, the court was told.
He had escaped to the United Kingdom at the time his co-accused were charged and the court issued a warrant of arrest against him.
He was later appeared in the case where he denied four charges of stealing.
The prosecution told the court that between 23rd April and 4th December 2008 at Kipevu oil storage facility within Mombasa County, jointly with others before Court, he stole 2,000 Metric tons of Automotive Gas Oil valued at USD 215,934, the property of Kenya Commercial Bank.
The court was told between 15th May 2008 and 4th December 2008 at Kipevu oil storage facility within Mombasa, jointly with others before Court, he stole 418.134 Metric tons of Motor spirit Premium valued at USD 438,031.10, the property of Kenya Commercial Bank.
Trial Magistrate was further told that between 2nd November 2008 and 4th December 2008 at Kipevu oil storage facility within Mombasa County, jointly with others before Court, stole 12,782 Metric tons of Automotive Gas oil valued at USD 7,999,691.39 the property of Kenya Commercial Bank.
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
Orengo Recalls How Moi’s Govt Denied Jaramogi a State Funeral
Raila Burial A Display of Ageless Luo Sacred Rites Rooted in Traditional Religion
The King Is Dead, Long Live the Crown: Winnie Odinga Steps Into Her Father’s Shoes
The Curtain Falls on Raila Odinga: Marking The End Of An Era of Kenya’s Most Consequential Political Leader in History
Why the Military Honored Raila Odinga With a 17-Gun Salute
Ruto Vows to Protect ODM, Says Party Will ‘Either Form or Be Part of Next Government’
Raila Odinga Laid to Rest at Kang’o ka Jaramogi in Emotional State Burial
Wanga Urges Ruto To Rename Talanta Stadium after Raila, Invite Arsenal
If You’re A Politician’s Spouse, Inherit His Friends, Not Enemies – Ida Odinga
ODM Leaders Vow To Remain In Ruto’s Broad-Based Govt
Plane Carrying Raila Odinga Becomes World’s Most Tracked Flight as Kenya Airways Honors Him With Special Call Sign ‘RAO001’
How Bishop Mark Kariuki’s Deliverance Church Became Vehicle for Sh10 Billion Land Fraud
A Pattern Emerges: How Somali-Led Cartels Are Fueling Kenya’s Real Estate Boom With American Fraud Money
Calls Mount To Investigate EADB Over Alleged Massive Corruption and Cartelism As EALA Says The Bank No Longer Serves Its Purpose In The Region
Former Nairobi CEC Newton Munene Found Dead as Sonko Alleges Cartel Involvement
iPhone, iPad, iMac: What The ‘i’ in Apple Products Actually Stands For
Financial Watchdog Flags Sh600 Million Sham SHA Payments
Lea Maize Flour Producer Admits to Adding Chemicals to Make Ugali ‘Balloon’ as Experts Issue Warnings
I Used To Sleep Hungry, But Today I Employ The Same People Who Once Laughed At My Poverty
US Charges Kenyan with Stealing Sh83 Billion from USAID-Funded Project at KEMSA
-
News4 days agoPlane Carrying Raila Odinga Becomes World’s Most Tracked Flight as Kenya Airways Honors Him With Special Call Sign ‘RAO001’
-
News1 week agoFormer Nairobi CEC Newton Munene Found Dead as Sonko Alleges Cartel Involvement
-
News4 days agoI Used To Sleep Hungry, But Today I Employ The Same People Who Once Laughed At My Poverty
-
Investigations4 days agoKwale Sugar Faces Liquidation Guillotine as Supreme Court Slams Door on Last-Ditch Rescue Bid
-
News6 days agoInside 17 Minutes: CCTV Footage Reveals Murdered State House Guard Was Well Known to The Killer
-
News3 days agoMaurice Ogeta, Raila’s Bodyguard: The Shadow Who Became The Story
-
News1 week agoFour Arrested In JKIA Cocaine Cartel Crackdown
-
News6 days agoCourt Fines Orengo’s Law Firm For Wrongful Dismissal of Lawyer