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
Caleb Amisi Says Linda Mwananchi Has Lost Direction, Announces Plans To Form A New Movement
Air Canada Pilot Flew Passengers For Years With A Fake Pilot’s License, Police Say
Itumbi Claims Kalonzo Has Settled on Sifuna as Running Mate
THE KURIA NETWORK TAKES THE BOARDROOM: How Moses Kuria’s Inner Circle Seized Control of Africa Mega Agricorp And the Paper Trail That Links It All
Who Is The Somali Referee Barred From Entering The US For The World Cup?
Inside NCBA’s Decline: How a Banking Giant Lost Its Strategic Edge
Shiquo wa Hii Style Counts Costly Lesson After Anti-Counterfeit Raid Wipes Out Shop Stock
“Are They Giving Kickbacks To Government Officials?” The Scandalous Record Behind Kenya’s Most Favoured Chinese Contractor
Two MPs Defrauded of Sh93.5 Million in Karen Land Scam
Gachagua Rejects Sh50 Million Court Compensation, Calls It An Insult
Cement, Cash and Courts: How the Hashu Dynasty Crushed the Ramji Brothers for Fourteen Years and Why the Walls Are Now Closing In
Inside The Urban Planning Cartel That Owns Nairobi
Why Ruto’s Favourite Candidate Adan Mohammed Could Be Locked Out of the KRA Top Job
LifeCare on the Brink: SHA Fraud, Stolen Wages, and the Rotten Empire Jayesh Saini Built
Este Medical Kenya Fights American’s Explosive Complaints
Betika Faces DCI Probe, Directors Arrest and License Revocation Over Massive 29.5 Million Safaricom Customers’ Data Breach
The Rot Inside Absa: How Bank Insiders Are Looting Nairobi’s Customers
Inside FAFSA Fraud: How Kenyan Cybercriminals Siphoned Millions from America’s Sh12 Billion Student Loan System
Fresh Move Launched to Remove Kenya Railways MD Mainga From Office After Awarding Sh817 Million Consultancy Contract
Court Confirms Safaricom Customers Data Was Sold To Betting Companies In Seven-Year Cover-Up
-
Investigations6 days agoCement, Cash and Courts: How the Hashu Dynasty Crushed the Ramji Brothers for Fourteen Years and Why the Walls Are Now Closing In
-
Investigations5 days agoInside The Urban Planning Cartel That Owns Nairobi
-
Investigations1 week agoBetika Faces DCI Probe, Directors Arrest and License Revocation Over Massive 29.5 Million Safaricom Customers’ Data Breach
-
Investigations6 days agoFresh Move Launched to Remove Kenya Railways MD Mainga From Office After Awarding Sh817 Million Consultancy Contract
-
News2 weeks agoEight Students Arrested In Kenya After Suspected Deadly School Arson Attack
-
News2 weeks agoHow Uhuru’s Deal With Obama In 2015 Paved Way For America’s Ebola Plan In Kenya
-
Business7 days agoTRUST BETRAYED: How Senior DTB Bank Insiders Allegedly Looted Sh149 Million From a Customer’s Account Over Five Years
-
Investigations4 days agoWhy Drivers Cheered Bolt’s Reported Exit: Inside the Slow Financial Strangulation of Thousands of Kenyan Drivers and Riders in Kenya