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
Luo Council of Elders Inducts Nine New Eminent Leaders
Man Freed After Telling Court He Picked Wrong Bag With Bhang on His First Day in Nairobi
Farouk Says He’ll Help Panyako Get a Government Job If He Joins Hands With Ndakwa
Wantam, Kasongo Slogans Will Not Make United Opposition Win In 2027 As Proven in the By Elections: Change or Perish
State To Deny Ad Revenue To Media Houses Criticising Government, Kabogo Warns
Ruto Launches ‘Game-Changer’ Sh170 Billion Rironi–Mau Summit Dualling
Guinea-Bissau President Flees To Senegal After Coup
Tanzania To The EU: We Will Not Starve
TSC Announces Major Policy Shift To End Transfer Of Promoted Teachers
The Ritz-Carlton Scandal: How a $3,500-a-Night Lodge Is Destroying Africa’s Greatest Wildlife Wonder
Kenyan Driver Hospitalized After Dubai Assault for Rejecting Gay Advances, Passport Seized as Authorities Remain Silent
SAFARICOM’S M-SHWARI MELTDOWN: TERRIFIED KENYANS FLEE AS BILLIONS VANISH INTO DIGITAL BLACK HOLE
Kakuzi Investors Face Massive Loss as Land Commission Drops Bombshell Order to Surrender Quarter of Productive Estate
INSIDER LEAK REVEALS ROT AT KWS TOP EXECUTIVES
LANDLORD FROM HELL: Daniel Agili Ojijo’s Empire of Evictions, Unpaid Wages, and Sham Auctions Leaves Trail of Terrorized Tenants
Construction Of Stalled Yaya Center Block Resumes After More Than 3 Decades and The Concrete Story Behind It
How A Fake Firm Was Awarded A Sh230 Million Tender By Kiambu County
Lloyd Masika Probed for Fraud as Stanbic Bank Exposed for Incompetence in Due Diligence
CNN Reveals Massive Killings, Secret Graves In Tanzania and Coverup By the Govt
Mistreatment and Gross Misconduct: Thika Cloth Mills Accused of Bribing Labour Ministry Officials to Muzzle Workers’ Revolt
-
News3 days agoKenyan Driver Hospitalized After Dubai Assault for Rejecting Gay Advances, Passport Seized as Authorities Remain Silent
-
Business1 week agoKakuzi Investors Face Massive Loss as Land Commission Drops Bombshell Order to Surrender Quarter of Productive Estate
-
Investigations1 week agoINSIDER LEAK REVEALS ROT AT KWS TOP EXECUTIVES
-
Business3 days agoConstruction Of Stalled Yaya Center Block Resumes After More Than 3 Decades and The Concrete Story Behind It
-
Investigations1 week agoCNN Reveals Massive Killings, Secret Graves In Tanzania and Coverup By the Govt
-
Business1 week agoBANKS BETRAYAL: How Equity Bank Allegedly Helped Thieves Loot Sh10 Million From Family’s Savings in Lightning Fast Court Scam
-
Investigations4 days agoHow Somali Money From Minnesota Fraud Ended In Funding Nairobi Real Estate Boom, Al Shabaab Attracting Trump’s Wrath
-
News1 week agoEXPOSED: How Tycoon Munga, State Officials, Chinese Firm Stalled A Sh3.9 Trillion Coal Treasure In Kitui