×
The Standard e-Paper
Stay Informed, Even Offline
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Fraud suspect and controversial businessman Jared Kiasa Otieno has faced a significant setback in his quest to reclaim two high-end vehicles seized by the Assets Recovery Agency (ARA) as alleged proceeds of crime.
In a judgment delivered on September 20, 2024, a three-judge bench sitting at the Court of Appeal dismissed his appeal to recover one of the vehicles - a Bentley Continental GT, which he claims to have purchased for $453,907 (about Sh58 million at the current exchange rate), and which was registered under Yugni Holdings.
The Bentley was initially confiscated in 2019, following investigations into Otieno's business dealings.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
Prefer the Standard on Google
join