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Investigations

Inside Ex-VP Wamalwa’s Karen Property Tussles

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The late VP Kijana Wamalwa.

When Kijana Wamalwa passed away in 2003, the former VP hadn’t made a will and this would lead to a lengthened battles within the family over his estate. Fifteen years after Wamalwa’s death, his pension has never been processed. An injunction was issued after a suit by Wamalwa’s eldest daughter, Alice Muthoni Wamalwa.

Wamalwa had left six kids when died; Michelle, Derek, Muthoni, Jacob Jabali, William Samuel Wamalwa and William Wamalwa Junior. They had different mothers.

When the VP left, he left a heap of tussles to the family since he didn’t have a will. Today, the family is in deep legal battle more so on his Karen property which we gather from family sources that it’s currently valued at Sh550M.

Michelle and Derek.

The family is now divided into two battling group; Michelle and Derek who’re both Yvonne Wamalwa’s daughter are on one side while Muthoni and her other siblings on the other.

Derek who in the interview called out his uncle Eugene Wamalwa is not the late VP’s biological son but son to Luke Mboya who comes from the prominent Tom Mboya family. Luke And Yvonne had a son together before she married Wamalwa in a lavish wedding in 2003.

Wamalwa left an estate but it is the Karen property that is in contention, according to court papers, Wamalwa’s late widow Yvonne Nambia Wamalwa argued that the Karen home was not part of his estate.

“The Karen House to my understanding does not form part of the estate of the deceased, as the same was not a property owned by the deceased prior to his death, but the same was a gift granted to me as his widow, which house does not form part of the assets of the deceased’s estate,” she said.

Alice Muthoni and her siblings.

However, the Karen property is listed under Wamalwa’s estate whose co-administrators after Wamalwa’s death remained Yvonne and Alice Muthoni, the eldest daughter who’s currently the administrator since Yvonne died.

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Now, problem arises in the control of property. When Wamalwa was still alive, he lived with all his kids in the same house, when he died and before Yvonne travelled to Australia, the other kids were hounded out of the Karen home as Yvonne insisted the property was hers.

When Yvonne Wamalwa passed away in Nanyuki, she had in her will that Stephanie, the sister who was taking care of her while sick should look after her kids; Michelle and Derek. That would not be the case, Yvonne’s other sister Jacqueline Nangami came and took them instead.

Yvonne’s siste Jackie

Jacquline was previously married to the Omamo’s family and had two kids before they separated and she married an Australian. When Yvonne Wamalwa was appointed Deputy Ambassador in Australia, she moved with her kids and her sister.

Now, on coming back from Australia for her sister’s funeral, Jackie assumed the role of the mother to the oprhans. During Yvonne’s funeral, DP Ruto promised to take care of all Michelle’s school expenses and promised to give Jackie a job in Australian embassy so she could be able to support the two kids left.

Since coming for her sister’s funeral, Jackie has never gone back to Australia to her husband, instead, she moved in to Wamalwa’s Karen home together with her two kids and Yvonne’s. At the same home, Yvonne’s mother lives.

The other wing of Wamalwa’s family consisting of Michelle and Derek and most probably in conspiracy with family members they’re in alliance with, moved to court to disqualify Alice Muthoni from being the co-administrator of the estate and instead replace him with Derek.

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A family source talking to Kenya Insights said this is part of larger scheme to sell the Karen home and they need full control since Muthoni has blocked this move. The tussle has the larger Kijana Wamalwa family split right in the middle on one hand is Wamalwa’s late widow Yvonne Wamalwa’s children Michelle Nafuna Wamalwa and her brother Derek Luke Mboya. Orphaned, given the death of both parents the two are battling for their lives.

On the opposite side is their step brothers and sister led by Jabali Wamalwa, Alice Muthoni Wamalwa, William Wamalwa Senior and William Wamalwa Junior. The four step children claim the two Wamalwa orphans from Yvonne Wamalwa’s house want to grab everything Wamalwa left for all of them.

“It is a question of fairness whether one of the beneficiaries can get three quarters of the estate to the disadvantage of the four who are left to share one quarter of the property,” said Muthoni.

Orphans from Yvonne’s house apparently want the other four to inherit the other property in Kitale and this is where the heat is since Karen house has higher value.

Kenya Insights learns that Michelle wasn’t really pulled out of Australian School as she had alleged during her interview, when her mother was recalled from Australia, they both cane back and has been attending GEMS Cambridge International which the government was fully paying for. Jackie, her aunt, pulled Michelle out of school as she had been promised a job in Australia by Ruto and she was to travel with Michelle.

Yvonne’s sister Jackie , mother and Stephanie during her funeral service.

For an Year now, the young lady has been out of school and since the aunt’s promised job is yet to materialize, she’s been forced to stay at home. We’re told more often they turn to the CS Wamalwa who send them help, this is contradicting to the picture the two painted of him during the presser. “It’s an open secret in the family that Eugene has a softer heart for Michelle, hell not stop at anything.”

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The CS refused to comment on the recent developments. Some family members are pointing fingers at Jackie for poisoning her sister’s kids to turn against their other siblings causing a wide rift. A plan that’s suspected is that of selling the Karen property and vanishing with the money probably to start a new life in Australia.

A cloud of suspicion also engulfed the Yvonne’s memorial when her mother held Luke Mboya’s hand calling him her real son-in-law. Luke who’s Derek’s biological father, was seen driving away with Michelle and Derek immediately after the presser throwing many into guessing what is really conspiring.

The matter on the Wamalwa estate is up for hearing on February 4, 2019. This would square how this property would be shared in fairness.

 


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Investigations

Britam Risks Losing Billions As Court Rules In Favor Of Cytonn Over Unsubstantiated Fraud Claims

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Back in 2014 Britam accused four of its former employees of theft of billions of shillings, to the tune of kes. 8 billion, and sought to file criminal complaints about them. Britam said that the theft was discovered after audits done by accounting firm KPMG and law firm Coulson Harney.

The four former employees refuted this claiming that no such theft had happened and wrote to Britam asking them to disclose the said reports to prove their innocence. Britam, however, refused to disclose the audit reports and the four former employees then filed a lawsuit in the high court in 2016 seeking to compel Britam to disclose the audits.

After three years of litigation, the judge ruled and ordered that indeed Britam must disclose the said audit reports if they are relying on them to allege theft by its former employees. Additionally, the judge found Britam’s conduct so unbecoming that it also slapped Britam with the penalty of refunding the accused former staff with the cost of the lawsuit.

Contacted for comment, our source at Britam says that the board is furious with the CEO, Benson Wairegi, why he filed frivolous lawsuits just for the sake of trying to kill competition from former staff. The new investors IFC and Swiss RE are apparently unhappy with Mr. Wairegi and want to see him fired by the end of the year.

The stock has tanked by over 75% since he lost his team to Cytonn and is now trading at below IPO price. Our sources tell us that the new investors, IFC, Swiss Re, and AfricInvest are frustrated because they’re sitting on paper losses, having bought the share price at kshs. 15 and now it is trading at below 9 bob.

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When we contacted a source at Cytonn, she said that “all their games shall come to a sudden and painful end. We are going to go after them for billions of shillings for damages. They are the ones with really big legal issues. The judge was very clear in his ruling. And we can assure you, the so-called forensic audits don’t exist, they have just fixed themselves with their lies”

Sooner or later the market will realize that this is the biggest corporate lie ever perpetrated by a listed company to investors and in plain sight of regulators and international shareholders like IFC and Swiss Re.

Our investigative desk obtains the ruling below.

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Investigations

Shadowy Billionaire Humphrey Kariuki Is On The Run Over Sh3Billion Monthly Tax Evasion And Massive Fraud

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Businessman Humphrey Kariuki.

Kenya’s leading alcoholic spirits manufacturer Africa Spirits Limited (ASL) is on the spot following a raid conducted by DCI and Kenya Revenue Authority officers. The joint raid that was conducted at the company’s factory in Thika was headed by the head of Flying Squad Musa Yego in conjunction with senior officials from KRA.

Investigators from KRA and DCI during the raid seized around 21 million counterfeit excise stamps and 312,000 litres of suspected illicit ethanol with an estimated tax potential of Sh. 3billion monthly at Africa Spirits factory in Thika, in an operation that commenced on 31st January 2019.

Yego said they conducted the raid following a tip-off. He added they were also investigating possibility of production of sub-standard alcohol in the factory. “We have arrested three employees who would be arraigned in court. We are also looking for the owner of the company,” said Yego. Ann Iringu a deputy commissioner at KRA said the raid was geared towards fighting illicit trade. Iringu said they were also investigating to see if the company conforms to taxation laws.

She added they had also confiscated some of KRA stamps.“We will also carry out investigations to ascertain if ethanol that has been confiscated here is illicit and if alcohol production going on in the factory is illegal,” said Ms Ngugi. The KRA official said ongoing investigations which will take about a week will reveal if the company has been evading tax and to what extent. She appealed to KRA officials at the country’s border points to be vigilant in order to ensure no illegal goods get access to the Kenyan market.

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Established in 2004, African Sprit Limited has been instrumental in shaping the local alcohol beverage market, with its brands leading various segments of Brandy, Gin and Vodka.

Some of it products include Legend Gold Brandy, Blue moon Vodka, Blue Moon Vodka flavors (Apple, Mango & Ginger), Gypsy King Gin and The Furaha Range among others.

African Spirit Limited is owned by shadowy Billionaire Humphrey Kariuki who has been implicated in other scandals including drug trafficking even though the courts recently cleared his name of the accusations. Kariuki who co owns empire with Harun Mwau are said to be falling apart after a 40 year partnership.

The two were named in the drug cartel. Amongst their known businesses includes The Hub an upmarket mall in Karen, Mount Kenya Safari Club In Nanyuki, Wines of the world amongst many others that we shall mention in our subsequent series in exposing a long history of fraud including Kariuki’s Involvement in South Sudan war where his oil company was involved in looting the funds and fueling the escalating war.

Last year, the government scuttled Wine of the World Beverages bid to exclusively import and distribute exotic wine and spirit brands from seven international suppliers to avert a monopoly.

In a statement, the Competition Authority of Kenya said the company’s exclusive distributorship agreements with the distributors would have seen it dominate the market and lock out rivals at the expense of consumers.

His roots in South Sudan is so deep that Salva Kirr spends at his opulent Dik Dik Gardens, Kileleshwa home. Kiir In a report by Sentry was named amongst South Sudan’s leaders use the country’s oil wealth to get rich and terrorize civilians.

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Investigations

‪DCI Recommends Charges Against Five Local Banks Over Involvement In The NYS II Heist As DPP Haji Forms Team To Review Files‬

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DPP Noordin Haji.

Trouble looms for banks and officials who were involved in the illegal NYS II transactions a scandal that saw Sh8B embezzled. DPP Noordin has issued a statement on the progress following investigations on the marked banks by the DCI.

DCI investigations as directed by the DPP on the criminal culpability has found five banks liable; Standard Chartered, KCB, Equity,Co-Op bank and DTB all have a case to answer. The banks violated restrictions that govern banks in Kenya by facilitating flow of proceeds from crime and money laundering.

Investigations established that the Standard Chartered Bank received a total of Sh.1,628,902,000 between January 2016 and April 2018 out of which Sh.588,558,000 was suspiciously transacted by bank’ Officials without reporting to the Financial Reporting Center as opposed to the POCAMLA regulations.

KCB according to the investigations had received Sh800M of which Sh148,397,000 was suspiciously transacted by bank officials without sticking to the POCAMLA regulations.

Equity Bank received Sh.886,426,904 and that Sh264,200,000 and USD58,000 was transacted without adherence to the regulations.

Diamond Trust Bank which is currently under prove over involvement in helping Dusit terrorists launder their money for the attack, is in the frying pan as well. Investigations reveal that, the bank had received Sh.164M out of which Sh27,946,298 went without being captured by the regulatory board.

Co-Op Bank received Sh.250M and suspiciously transacted Sh.25M without reporting. DPP has since constituted a team of senior prosecutors who’ll review the files and give recommendations in the next two weeks.

DTB had been fined Sh56 million by CBK while Co-operative Bank will pay Sh20 million. The five banks handled a total of Sh3.5 billion from NYS with StanChart handling the largest transaction worth Sh1.6 billion followed by Equity Bank at Sh886 million, while KCBprocesses Sh639 million. The same banks involved in the NYS I are also the ones being chopped over NYS II. It seems the fines never worked so the punishment this time should even be heavier.

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