Entertainment,Political And Lifestyle News Website. We Provide You With The Latest Breaking News, Gossip And Videos Straight From The Industry.

Total Pageviews

PropellerAds

Billionaire Humphrey Kariuki released on Sh11 million cash bail

Businessmen Humphrey Kariuki, before Chief Magistrate Francis Andayi at the Milimani Law Court to answer charges of Tax evasion on August 19,2019.


Businessman Humphrey Kariuki was on Monday released on a cash bail of Sh11 million with an alternative bond of sh22 million.

Presiding magistrate Magistrate Francis Andayi in his ruling said that it will be discriminatory to detain Kariuki.

He, however, directed that the businessman appears before the DCI within six hours after he meets the bail and bond terms.



The tycoon is facing several counts including forgery, money laundering, tax evasion among others.

Kariuki denied all the charges from three files

His case will be mentioned on September  5th.

The businessman on Monday presented himself at a Milimani Court to take plea on the Sh41bn tax evasion case he is facing.

The defense claimed that the businessman had learned from print and electronic media that summons had been sought by the prosecution.

They also claim that there was no warrant of arrest issued and that Humphrey Kariuki voluntarily appeared in court to take the plea.

The defense said that he flew in last evening so that he could appear in court and take plea today.




They asked he be granted similar bail and bond terms as he faces similar charges with the other three, employees of African Spirits Company that took plea last week.
PropellerAds
(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-101756261-1', 'auto'); ga('send', 'pageview');