Ruto allied MP told to reveal source of Sh200m in his bank accounts
Assets Recovery Agency (ARA) has dismissed claims by Mathira MP Rigathi Gachagua that Sh200 million held in his bank accounts are not proceeds of crime.
The agency’s chief investigator Sergeant Fredrick Musyoki maintains that the funds in question are proceeds of crime, which were obtained through deceit and unlawful means, and Gachagua in his response has not tendered any shred of evidence to show any legitimate means he used to obtain the same.
“No shred of evidence is presented by Gachagua to demonstrate the linkage between the alleged businesses and the funds in the issue that are preserved in the specified bank accounts,” says Musyoki.
While responding to the agency application to forfeit the funds to the State, Gachagua claimed he has invested in different companies where he is either a director or shareholder.
But the agency, while countering Gachagua’s application, says his argument of being a trustee of other entities is fictitious, since no deed of trustees or any either trustee is presented by him as the provision of Trustee Act and rules.
ARA wants the court to declare that the funds held in the banks of the MP at Rafiki MicroFinance bank are proceeds of crime and the same should be forfeited to the government.