– Businessman Humphrey Kariuki was arrested over KSh 41 billion tax evasion

– His firm, Africa Spirits, which is at the center of the tax evasion claims was closed down

– The billionaire has now been allowed to access the factory and collect money for exchange

– Deadline for exchanging old KSh 1,000 notes is on Monday, September 30

City tycoon Humphrey Kariuki has been allowed access to his Thika-based alcohol factory, Africa Spirits, to collect old KSh 1,000 notes to facilitate exchange ahead of September 30 deadline.

A Nairobi court ordered Director of Criminal Investigations George Kinoti and Kenya Revenue Authority to allow the billionaire to visit the firm on Saturday and collect the money for exchange.

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Court allows billionaire Humphrey Kariuki to access factory, exchange old KSh 1k notes

City billionaire Humphrey Kariuki can access his firm on Saturday to collect KSh 1,000 notes for exchange. Photo: Nation
Source: UGC

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In a report by K24, the mogul suffered a major blow after the court on Wednesday reversed an earlier order that allowed him to pick his passport.

Magistrate Kennedy Cheruiyot, who had issued the earlier order, ruled that Kariuki should make the application for release of his travel document in Case 1333 of 2019, which is before a different court.

He told the court he needed the document to enable him travel abroad to attend to his vast business interests.

Court allows billionaire Humphrey Kariuki to access factory, exchange old KSh 1k notes

Businessman Humphrey Kariuki (on the right) and other co-accused standing in court during a past hearing. Photo: Capital FM
Source: UGC

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At the same time, Africa Spirits Limited asked the court to order the re-opening of the factory.

Through its lawyer, Cecil Miller, the company argued that the fate of over 500 employees hangs in the balance following its closure.

Miller told the court it was ironical for the government to demand KSh 150 million in taxes on a monthly basis while at the same time close it down as the legal battles continue.

The billionaire was arrested over KSh 41 billion tax evasion.

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