Businessman Humphrey Kariuki has moved to court to stop the freezing order stating that the order will cripple his other businesses.
Through his lawyer ,Benjamin Musyoki, Kariuki stated that the freezing order may result in the “shut-down, crippling and even thwarting of his other business, Wow Beverages Limited”.
“In view of the grave excessive, punitive and unjustified harm loss, damage and prejudice, Wow suffers loss of business,” Lawyer Musyoki argued out.
Kariuki’s ships, aeroplanes among other immovable assets have been frozen following a court order from Milimani Resident Magistrate Caroline Nzibe.
BREAKING: Court orders freezing of bank accounts of wanted billionaire Humphrey Kariuki over Ksh41 billion tax evasion case. pic.twitter.com/bxX5llCocw
— David Maina Ndung’u🇰🇪 (@ItsDavidMaina) August 15, 2019
Kariuki, the owner of African Spirits Limited, is accused of evading taxes to the tune of Ksh41 billion.
Through his lawyer, Kariuki stated that he will present himself in court on 19th of August to face the charges.
Wanted billionaire: Lawyers say tycoon to appear in court. Humphrey Kariuki will appear on Aug 19th.
— Citizen TV Kenya (@citizentvkenya) August 15, 2019
Kariuki is out of Kenya, with detectives looking for him in European nations. He was last spotted in London three days ago, just a few days after leaving South Africa.
He recently stepped down as the chair of the board Janus Continental group and its business associates.
Wanted billionaire resigns:
— Citizen TV Kenya (@citizentvkenya) August 14, 2019