The High Court has allowed billionaire businessman Humphrey Kariuki to access his bank accounts that had been frozen for two months.
Justice Wilfrida Okwany ruled that the Kenya Revenue Authority (KRA) sought to freeze his four accounts held in Kenya Commercial Bank for 30 days in a bid to assess tax he had allegedly evaded, but remained silent on whether it had done it or not.
The orders to freeze Mr Kariuki’s accounts were made on March 24.
The judge observed that during the hearing, KRA, in its bid to seek extension of the orders, told the judge a third party was conducting investigation. It did not disclose who the party was.
The businessman went to court a month after his liquor firms were closed down and the companies’ accounts frozen over a Sh3 billion tax evasion claim.
Justice Okwany, however, declined to order the reopening of the Thika factory saying Kariuki ought to have filed a proper case against KRA.
Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.