Keroche Bosses Freed on Cash Bail

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Nyakundi Report

Newsroom 1 min read

Primary source Kenyan Digest archive

This archive report was first published on 23 August 2019.

On August 23, 2019, a Nairobi court granted cash bail to Tabitha Karanja, CEO of Keroche Industries Ltd, and her husband Joseph, the company's chairman, who were facing 10 counts of tax fraud.

Tabitha Karanja was ordered to pay Sh10 million in cash bail, while her husband Joseph was required to pay Sh5 million.

Chief Magistrate Francis Andayi also ordered the couple to deposit Sh15 million within seven days, warning that directors apart from the chairman would be arrested if they failed to comply.

The court granted Mr. Karanja different bond terms due to his senior citizen status.

The case will be mentioned on September 2.

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