Court Orders Freezing of Billionaire Humphrey Kariuki’s Bank Accounts Again

Billionaire Humphrey Kariuki.PHOTO/COURTESY

The Director of Public Prosecutions (DPP) has successfully managed to acquire a court order to freeze billionaire Humphrey Kariuki’s bank accounts.

Throughout the week, detectives have been in a desperate search for the billionaire who is facing a Sh 41 billion tax evasion charges alongside others.

The accounts are scattered in seven banks; including Equity, National Bank of Kenya and Kenya Commercial Bank (KCB), and are linked to three companies associated with Mr Kariuki.

The court also ordered the preserving of Kariuki’s properties among them aeroplanes, ships and other immovable property.

This is not the first time that the court is ordering the freezing of Kariuki’s accounts. In February this year, the Kenya Revenue Authority (KRA) managed to obtain the court orders which lasted for two months before the billionaire managed to convince the to unfreeze his accounts.

Justice Wilfrida Okwany observed that during the hearing, KRA, in its bid to seek an extension of the orders, told the judge a third party was conducting an investigation. It did not disclose who the party was.




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