Kenya: Court Orders Freeze on Tycoon Humphrey Kariuki's Accounts

Billionaire Humphrey Kariuki.

The Director of Public Prosecutions (DPP) has obtained orders preserving the properties in addition to also freezing all accounts in addition to also assets of businessman Humphrey Kariuki who is actually facing a Sh41 billion tax evasion charges alongside others.

The assets include aeroplanes, ships in addition to also different immovable property. The DPP obtained the orders of August 9, 2019.

However, the businessman has filed an application seeking to reverse the orders granted to the DPP by Milimani Resident Magistrate Caroline Nzibe.

from the application, also filed at the Milimani Law Courts in Nairobi, Mr Kariuki has asked the court to reconsider staying the orders.

He says the court erred in seizing properties of Wow Beverages Limited.

from the application of freezing the properties, DPP named Wow Beverages, African Spirits Limited in addition to also the businessman as respondent.

Through his lawyer Benjamin Musyoki, Mr Kariuki says the orders contain the effect shutting down, crippling in addition to also thwarting the business of Wow Beverages Limited.

“In view of the grave excessive, punitive in addition to also unjustified harm loss, damage in addition to also prejudice, Wow suffers loss of business,” says Mr Musyoki.

In court documents Mr Kariuki says the orders were obtained in bad faith since he did not take plea on August 9, 2019, although on August 19, 2019.

He says the order is actually an attempt by the DPP to usurp powers vested in him in addition to also is actually an abuse of a court process, contrary to the Constitution.

“There is actually no evidence of any risk or dissipation of any of the assets placed before court which include Aeroplanes, ships in addition to also different immovable properties,” Mr Musyoki adds.

Kenya: Court Orders Freeze on Tycoon Humphrey Kariuki's Accounts

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