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 240 Charged With Treason After Tanzania Election Violence
EXCLUSIVE: The $1.7 Billion Oil Heist That’s Starving South Sudan While Elites Feast on Blood Money
Ex-British Soldier Fights Extradition Over Kenyan Woman’s Murder
Kenyan Activists Bob Njagi and Nicholas Oyoo Released After 38 Days in Ugandan Custody
Uhuru Kenyatta Draws Battle Lines in Mt. Kenya Politics Defends Gachagua and Warns Jubilee Rebels to Toe the Line
A Basic Explanation of Online Roulette
UK-Based Website Faces Scrutiny Over Alleged Sexual Exploitation Of Kenyan Women
Trump Ends Protected Status For South Sudanese, Gives 60 Days To Leave The US Or Be Deported
Mistreatment and Gross Misconduct: Thika Cloth Mills Accused of Bribing Labour Ministry Officials to Muzzle Workers’ Revolt
Tanzania Lost Sh30.7 Billion in The Election- Linked Internet Shutdown
Plane Carrying Raila Odinga Becomes World’s Most Tracked Flight as Kenya Airways Honors Him With Special Call Sign ‘RAO001’
Safaricom’s Sh115 Trillion Data Breach Scandal: How Kenya’s Telecom Giant Sold Out 11.5 Million Customers
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
Maurice Ogeta, Raila’s Bodyguard: The Shadow Who Became The Story
Four Arrested In JKIA Cocaine Cartel Crackdown
Inside 17 Minutes: CCTV Footage Reveals Murdered State House Guard Was Well Known to The Killer
Court Fines Orengo’s Law Firm For Wrongful Dismissal of Lawyer
-
Business6 days agoSAFARICOM’S M-SHWARI MELTDOWN: TERRIFIED KENYANS FLEE AS BILLIONS VANISH INTO DIGITAL BLACK HOLE
-
Politics2 weeks agoRuto’s Reshuffle Storm As Moi, Ida Odinga Tipped To Join His Cabinet
-
Business2 weeks agoEquity Bank CEO James Mwangi Kicked Out of Sh1 Billion Muthaiga Mansion
-
Investigations2 weeks agoWhose Drugs? Kenya Navy Seizes Drug Ship In Mombasa Carrying Sh8.2 Billion Meth
-
News1 week agoBLOOD IN THE SKIES: Eleven Dead as West Rift Aviation’s Chickens Come Home to Roost in Kwale Horror Crash
-
News2 weeks agoMILLER ON THE ATTACK: Lawyer Cecil Guyana Miller Sues Whistle-blower as Vigilante Blogger Maverick Aoko Sounds Alarm
-
Investigations2 weeks agoEXPLOSIVE DOSSIER: THE SECRET FILE THAT COULD DESTROY CAREERS – INSIDE KERRA’S SHOCKING CERTIFICATE SCANDAL
-
Business1 week agoLloyd Masika Probed for Fraud as Stanbic Bank Exposed for Incompetence in Due Diligence