No Money soon for the elusive Kariuki as court bars him access

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Justice John Onyiego of the Anti-Corruption Division said until a case filed by the Kenya Revenue Authority (KRA) is heard, Kariuki will have no access to his bank accounts. The judge told parties that matter before him is best suited to be heard in the Commercial Division of the High Court.

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The application filed by KRA seeks to assess tax withheld by the businessman.The judge consequently ordered the file be placed before the presiding judge in the Commercial Division on March 12 for directions. Kariuki has since filed an application to set aside the orders obtained by KRA. KRA obtained preservation orders restraining and prohibiting the transfer of funds in the eleven bank accounts under African Spirits Limited (ASL) which is one of the largest alcohol manufacturing plants in East Africa.

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ASL produces Glen Rock, Legend Black, Blue Moon, and Legend brandy among others. The court has also preserved the funds of Vow Beverages Limited, pending the hearing and determination of the application.The court preserved the monies which are held at National Bank of Kenya, Family Bank Limited, Equity Bank Limited, Credit Bank Limited, and KCB Bank Limited. According to documents filed in court, the companies have been supplying excisable goods with counterfeit excise stamps hence evading payments of taxes.

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The taxman said that the companies have been carrying out business fraudulently denying the agency collection of colossal amounts of taxes. They claim that preliminary investigations conducted so far indicate Kariuki through his companies has evaded tax of up to Sh3 billion and investigations are still ongoing.

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