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Relief for tycoon in tax case

Billionaire Humphrey Kariuki. [Photo: Courtesy]

A court has stopped the Government from seizing all movable assets belonging to billionaire Humphrey Kariuki, pending conclusion of an investigation by Directorate of Criminal Investigations.

Milimani Resident Magistrate Caroline Nzibe yesterday allowed an application by Kariuki, Africa Spirits Limited and Wow Beverages Limited, arguing that orders issued against them on August 9, have the effect of shutting down, crippling and ruining the operations of Wow Beverages Limited.

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