humphrey kariuki
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KRA freezes accounts of African Spirits Ltd tycoon

Kenya Revenue Authority (KRA) has been allowed to freeze 11 bank accounts belonging to tycoon Humphrey Kariuki, due to an alleged tax evasion of Ksh 3 billion.

KRA lawyer Kenneth Kirugi, told Justice John Onyiego that so far investigations have shown Vow Beverages Limited, African Spirit Ltd and Wines of the World Limited had evaded tax of Kes 3 billion estimates.

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The court has been informed that the companies were using counterfeit exercise stamps.

The judge approved that this is an urgent case and directed the KRA lawyer to serve the documents to the above companies as they await hearing on 08th March.

Africa Spirits Ltd products
Africa Spirits Ltd products [IAMGE/COURTESY]

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Orders were thus issued prohibiting the transfer, withdrawal or disposal or dealing with money in the said accounts, pending hearing and determination of the case.

It was feared that the companies may transfer the money or put them out of reach of KRA through other means.

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