Businessman Humphrey Kariuki Released on a 11M cash bail

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Businessman Humphrey Kariuki who faces several counts of forgery, money laundering tax evasion among others has been released on a cash bail of Sh11 million with an alternative bond of sh22 million by presiding magistrate Francis Andayi.

The billionaire is said to have flown in the country last evening so as he could appear before court and take plea. His defence team pointed out that there was no warranty of arrest issued but the tycoon learnt media about his summon hence decided to show up to take plea on the Sh41bn tax evasion case he is facing which he denied.

Humprey Kariuki has been directed to appear before the DCI within six hours after he meets the bail and bond terms.

His case will be mentioned on September  5th 2019.

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