Revealed! How Humphrey Kariuki controversially withdrew sh1.6 billion in hour

Humphrey Kariuki

A lot has been written about controversial billionaire businessman Humphrey Kariuki. The business mogul is being investigated for tax evasion after 21 million fake KRA stamps were found at his Africa Spirits firm.

Kariuki is also believed to have illegally imported 312 litres of illicit liquor. We know that the man is a crook and should be rotting in prison but this is Kenya and big fish are untouchable.

But in fact there is more to Kariuki’s story than these allegations. The mogul has coated trouble for quite some time now. A story has been revealed of how he withdrew more than sh1.6 billion from a bank in a matter of hours.

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In 2001, Kariuki’s company received sh 2billion from a firm in Liechtenstein. This money surprised even the FBI  and the local police.

Central Bank froze the account, demanding more information on how he got the money.

On May 10, 2001, Justice Samuel Oguk lifted the freezing orders, allowing Mr Kariuki to withdraw the money and before the Attorney-General could appeal the order, Mr Kariuki withdrew Sh1.6 billion within hours and only Sh15.6 million was left in the account.

 

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