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
At Least 700 Dead in Tanzania’s Post-Election Protests, Opposition Says
Pornhub Says UK Visitors Down 77% Since Age Checks Came In
UAE Consortium Eyes Massive Stake in Ksh28 Billion Nairobi Railway City Project
Corporate Sponsorships for Kenyan Businesses
Lloyd Masika Probed for Fraud as Stanbic Bank Exposed for Incompetence in Due Diligence
EXPOSED: How A 20-Year-Old University Student Breached Sidian Bank’s Security Fortress and Walked Away With KSh 7.8 Million
Top Lawyers Unite to Oust Justice Wasilwa After Police Recruitment Ruling
Raila Odinga’s Social Media Pages to Stay Active Under RAO Foundation as Digital Monument to His Legacy
King Charles Strips Andrew Of Royal Titles, Windsor Home
PS Omollo Warns Kenyans Against Participating in Tanzania Protests, Threatens Full Force of the Law
VISA CARTEL EXPOSED: Community Leaders Demand Immediate Arrests as Immigration Boss Allegedly Boasts of Weekly Political Kickbacks
Plane Carrying Raila Odinga Becomes World’s Most Tracked Flight as Kenya Airways Honors Him With Special Call Sign ‘RAO001’
EXPOSED: The Visa Cartel Bleeding Kenyans Dry – How Immigration Boss Turned Government Office Into Personal Cash Cow
Safaricom’s Sh115 Trillion Data Breach Scandal: How Kenya’s Telecom Giant Sold Out 11.5 Million Customers
A Pattern Emerges: How Somali-Led Cartels Are Fueling Kenya’s Real Estate Boom With American Fraud Money
“I Contribute Sh4 Million Every Weekend”: Immigration Boss Evelyne Cheluget Exposed in Explosive Visa Cartel Scandal as Somali Community Delivers Damning Evidence to Authorities
Former Nairobi CEC Newton Munene Found Dead as Sonko Alleges Cartel Involvement
DEATH TRAPS IN THE SKY: Inside the Sordid World of West Rift Aviation’s Deadly Corruption Cartel
Billionaire: Inside Raila Odinga’s Vast Wealth
I Used To Sleep Hungry, But Today I Employ The Same People Who Once Laughed At My Poverty
-
Investigations4 days agoVISA CARTEL EXPOSED: Community Leaders Demand Immediate Arrests as Immigration Boss Allegedly Boasts of Weekly Political Kickbacks
-
Investigations5 days agoEXPOSED: The Visa Cartel Bleeding Kenyans Dry – How Immigration Boss Turned Government Office Into Personal Cash Cow
-
Business2 weeks agoSafaricom’s Sh115 Trillion Data Breach Scandal: How Kenya’s Telecom Giant Sold Out 11.5 Million Customers
-
Investigations2 days ago“I Contribute Sh4 Million Every Weekend”: Immigration Boss Evelyne Cheluget Exposed in Explosive Visa Cartel Scandal as Somali Community Delivers Damning Evidence to Authorities
-
Investigations1 week agoDEATH TRAPS IN THE SKY: Inside the Sordid World of West Rift Aviation’s Deadly Corruption Cartel
-
Business2 weeks agoWhy Kenyan Investors Should Pay Attention to the U.S. Stock Market (US30 Index)
-
News2 weeks agoPHOTOS: Elizabeth Macheka, Tsvangirai’s Widow Is Turning Heads in Kenya After Attending Raila’s Burial
-
Grapevine1 week agoEX–YOUTH FUND BOSS GOR SEMELANG’O JAILED IN DUBAI OVER MONEY LAUNDERING LINKS