The High Court of Kenya has granted the Assets Recovery Agency (ARA) permission to seize $270,888.47 (Ksh35 million at the current exchange rate) from a Kenyan businessman, citing that the funds are proceeds of a crime.
The determination was published in the Kenya Gazette issue of March 14, outlining the schedule for the forfeiture of the Ksh35 million and two vehicles. "That the High Court has issued Forfeiture Orders in High Court Civil Suit (Anti-Corruption and Economic Crimes Division) ACEC SUIT NO.
E33 of 2023 as specified in the Schedule," the statement read.
The ruling followed an application by the ARA, which sought to recover the money and property over suspicions that the businessman had acquired them illegally, contrary to Section 92(5) of the Proceeds of Crime and Anti-Money Laundering Act, 2009.
