Court in yet another Ksh113m freeze order
Two women believed to be part of a complex money laundering
scheme with foreigners, have suffered a major blow after the High Court
yesterday froze over Ksh 113 million held in their bank accounts for 90 days.
Justice Esther Maina allowed the application by Assets Recovery Agency (ARA) to preserve the funds belonging to the suspects; Tebby Wambuku Kago and Felista Nyamathira Njoroge held in three accounts at Equity Bank and Stanbic Bank, as the same are believed to be proceeds of crime.
“That preservation orders are hereby issued prohibiting the respondents (Wambuku and Nyamathira) or their representatives, agents or any other persons acting on their behalf from transacting or dealing in any manner whatsoever, in respect to the funds in the three bank accounts,” Justice Maina ordered.
The money which the court preserved is $631,071.67 (Ksh71,279,545.13) and Ksh 37 million held in two Equity bank accounts belonging Wambuku
while a Ksh 5 million held at Stanbic Bank account of Nyamathira.
The money was allegedly sent by De Mesel Marc; Nyamathira’s boyfriend.
Nyamathira is the 21-yearold college student whose Ksh102 million held at Cooperative Bank was frozen last month.
“The two women are suspected to be part of a complex money laundering scheme with foreign nationals,”the agency through lawyer Mohamed Adow told court.
The court heard that investigations revealed that Marc and the two Kenya
women used the accounts in issue as conduit of money laundering.
Two women believed to be part of a complex money laundering
scheme with foreigners, have suffered a major blow after the High Court
yesterday froze over Ksh 113 million held in their bank accounts for 90 days.
Justice Esther Maina allowed the application by Assets Recovery Agency (ARA) to preserve the funds belonging to the suspects; Tebby Wambuku Kago and Felista Nyamathira Njoroge held in three accounts at Equity Bank and Stanbic Bank, as the same are believed to be proceeds of crime.
“That preservation orders are hereby issued prohibiting the respondents (Wambuku and Nyamathira) or their representatives, agents or any other persons acting on their behalf from transacting or dealing in any manner whatsoever, in respect to the funds in the three bank accounts,” Justice Maina ordered.
The money which the court preserved is $631,071.67 (Ksh71,279,545.13) and Ksh 37 million held in two Equity bank accounts belonging Wambuku
while a Ksh 5 million held at Stanbic Bank account of Nyamathira.
The money was allegedly sent by De Mesel Marc; Nyamathira’s boyfriend.
Nyamathira is the 21-yearold college student whose Ksh102 million held at Cooperative Bank was frozen last month.
“The two women are suspected to be part of a complex money laundering scheme with foreign nationals,”the agency through lawyer Mohamed Adow told court.
The court heard that investigations revealed that Marc and the two Kenya
women used the accounts in issue as conduit of money laundering.
