In Summary

  • The state has asked the court to preserve Sh 391 million as exhibits in fraud trial.
  • Koome was charged with several counts of theft and fraud for duping Rwandese investor Desire Muhinyuza.
  • Koome has since withdrawn over Sh 15 million without complaint consent

The state has asked the court to preserve Sh 391 million as exhibits in case where tycoon businessman Kirimi Koome has been charged with fraud.

Koome appeared in court today for the mention of his case and the miscellaneous file was closed and the pre-trial date set for November 7.

In the application filed in court, the DPP wants the court to preserve the money saying it would be prejudicial if the money is interfered with.

In the case, Koome was charged with several counts of theft and fraud for duping Rwandese investor Desire Muhinyuza.

The money is for Stay online ltd and its alleged that Desire used Koome to register it but he has now turned against him and refused to hand over the company valued at over Sh 400 million.

Last week he had secured orders at the high court freezing Stay online ltd accounts.

Muhinyuza has told court that he used Kirimi Koome to register the company in Kenyan because he did not have papers at the time but Koome has now refused to hand over the business which he did not contribute anything towards it.

On Monday Justice Alfred Mabeya allowed the application by Desire and froze the accounts pending hearing and determination of the case.

“THAT in the meantime, there shall be freezing orders on the Company’s account in terms of prayer no. (b) of the Motion,” the order reads in part.

The case will be mentioned on Monday next week for directions by the judge and in the meantime the court has directed desire to serve Koome and the registrar of companies.

Koome was arraigned in court on Thursday last week over the same issue but he was not charged as the plea was deferred to Tuesday this week.

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

Koome is facing among other charges conspiracy to defraud and its alleged that he conspired to steal from Desire 2.6 Million USD by falsely pretending that that he was the owner of the said funds.

Desire has told court that the money in question belongs to Merchants being Mastercard and not him so Koome does not have any claim to the said money he was only supposed to get a percentage from profits.

Koome has since withdrawn over Sh 15 million of the money without Desire’s consent even though he was a signatory to the account.

Written by:

Leave a Comment

Your email address will not be published. Required fields are marked *

X
  • http://node-04.zeno.fm/eghcv7h647zuv.aac?rj-ttl=5&rj-tok=AAABduHWWTYATEPfmLjdZktzzA
  • GhettoRadio 89.5FM
  • Radio