In Summary

  • Court declare Desire Muhinyuza the legitimately owner of the ksh 400 million fin–tech investment
  • Muhinyuza and Kenyan businessman Kirimi Koome contested ownership of fin-tech company
  • Kirimi Koome was charged conspiring to defraud Desire Muhinyuza

Rwandese investor Desire Muhinyuza is the legitimately owner of the ksh 400 million fin–tech investment, the court has ruled.

Desire Muhinyuza and Kenyan businessman Kirimi Koome contested ownership of fin-tech company the case.

During the hearing ,Desire told the court that he trusted Koome after being introduced to him and convinced that he comes from a wealthy family and that he would connect him with prominent political luminaries.

Desire further narrated to the court how he injected money into investment, adding that he lacked the necessary documents, forcing him to register the company in the country because he was not a Kenyan.

According to the evidence presented in court, Koome was supposed to earn commissions and act as an agent.

Kirimi Koome was charged conspiring to defraud Desire Muhinyuza, a Rwandese National and the beneficial owner of Stay Online Limited of USD 2,619,583.27, being merchant funds by falsely representing himself as the owner of the said funds.

READ Also: How kenyan Businessman Attempted To Swindle Rwandese Investor Over 300 Million

He is alleged to have committed the offence on diverse dates between July 10 and October 4, 2023, in Nairobi jointly with others not before court and with intent to defraud.

He pleaded not guilty to the alleged offence before Magistrate Lukas Onyina.

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