ASSET RECOVERY AGENCY GRANTED REQUEST TO RELEASE WITHHELD 157M TO LAWFUL OWNER

ASSET RECOVERY AGENCY GRANTED REQUEST TO RELEASE WITHHELD 157M TO LAWFUL OWNER

By Chris Ojow

Huge amounts of money that was being

held by Assets Recovery Agency (ARA),

seized from a Kenyan, a Cameroonian, and

two Zambians and their three companies

released to the lawful owner.

The interested party through their

lawyer Simon Mburu were shocked to

learn that , gold traders uses forged

sales agreements fully supported with

falsified custom declaration forms

purportedly from Kenya Revenue Authority

to facilitate the movement of

unlawfully acquired money to their

personal accounts.

Lady Justice Esther Maina in her lengthy

ruling rules in Brinke’s favor after a

two-year court proceedings.

Through Lawyer Simon Mburu Bernhard Ten

Brinke, a prominent businessman was

awarded 157 million Kenya shillings by

the court after he was conned by gold

fraudstars posing as genuine traders.

The swift move was the work of Assets

Recovery Agency through an application

they filed before Anti Corruption and

Economic Crimes Division freezing the

accounts and later after investigations

requested the accounts allow the lawful

owner withdraw their money.

The transfer of the amount 171 million

to the account became the genesis of

the businessman troubles after

entering into a contract with Global

Freight Management Limited, a Kenyan

firm, for the purchase and supply of

500kg of gold worth KES 2.1 billion.

The interested party after smelling a

rat reported the incident to ARA, which

filed a suit against Bupe Chipando,

Carrolle Simutengu, Eddy Malonga and

their companies Mubadala Merchants

Limited, First Cargo Logistics, and

First Line Capital Limited.

The applicant Assets Recovery Agency

claimed that the traders and their

companies received more than 728 million

Kenya shillings from foreign entities

between May 2019 and January 2021 in

what they suspected to be an

international fake gold racket.

( Chris Ojow is Award winning Photojournalist and Founder African Times News Media website www.africantimes.co.ke
0724 656913-WhatsApp
onyangoojow@gmail.com )