Billionaire Humphrey Kariuki Freed on Sh10m Bail Amid Sh41b Tax Evasion Charges

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Nyakundi Report

Newsroom 1 min read

Primary source Kenyan Digest archive

This archive report was first published on 19 August 2019.

On August 19, 2019, Nairobi businessman Humphrey Kariuki appeared at the Milimani Law Courts to answer tax evasion charges worth over Sh41 billion.

He was granted Sh10m cash bail, allowing him to temporarily avoid prosecution.

As the Director of Public Prosecutions Noordin Haji had gathered enough evidence to prosecute, Humphrey Kariuki and 10 others, including directors of Wow beverages and Africa Spirits, faced serious allegations.

The group, which includes Dalbit Petroleum Services, has interests in energy, real estate, hospitality, and conservation matters across several African countries.

Janus Continental Group, chaired by Humphrey Kariuki, has since announced that he has stepped down as chair of the board in light of the investigation process.

Businessman Humphrey Kariuki's case is a significant one, with the Director of Public Prosecutions Noordin Haji stating that he had gathered enough evidence to prosecute.

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