A revelation that gives a glimpse to who really owns Kenya. Reports say that Mr Humphrey Kariuki’s company received a Sh 2 Billion payment in 2001. 18 years ago, the man was dealing with more money than what Sonko needs to pay his workers at City Hall.
If a man can receive such huge payments almost 2 decades ago, who knows how much he is worth now? It was also confirmed that he is also a citizen of Cyprus.
Factoring in inflation and other economic factors, that money has increased multiple fold.
According to the Daily Nation, Mr Kariuki owns Mt Kenya Safari Club and the Hub in Karen.
The man has invested heavily in real estate, energy and even hospitality. Some time back in 2001, he had legal trouble when a payment of Sh 2 billion hit his company’s accounts.
Crucial Properties Limited received a transfer of 2 billion from Liechtenstein through Charterhouse Bank.
The immense amount of money raised suspicion from the FBI and CBK who flagged it and his accounts were frozen.
He defended the payment saying that it was legitimate and it was part of money invested in Kenya by foreigners.
After time in court, one, Justice Samuel Oguk gave an order for the accounts to be unfrozen and they were emptied within hours.
At the end of May 10, 2001, the account only has Sh15.6 million.