Billionaire Humphrey Kariuki on Wednesday, December 7, reclaimed his company, which had been seized by the government for three years. In a statement of testimony by the Department of Revenue, the Department of Criminal Investigation handed over the Afrika Spirits Limited case to Kariuki.
The authority announced that the Thika based refinery has been officially inaugurated and will be operational.
"Open up coincides with the need for economic growth and independence through increased revenue collection," said a tax official.
Incidentally, the company's return to the billionaire came a few days after the agency wrote to them demanding they vacate their premises. Through the law firm B.M. Musyoki & Co Advocates, a billionaire, said the government agency was illegally operating the refinery for failing to challenge an order to restore operations.
"Our client has suffered substantial harm, loss and damage as a result of your wrongful seizure, wrongful arrest and illegal occupation of his premises," his lawyer said.
Kariuki lost his company in 2019 after being accused of tax evasion of Ksh 17 billion. This is the second post on the billionaire's newly discovered purple patch. On December 1, President William Ruto appointed him to his government.
Along with David Langat, he was elected as one of the 12 members of the National Investment Board for three years. Other members include Ahmed Farah, Karen Taylor, Sarah Ochieng, Eva Warigia, Shela Kyarisiima, Sitio Lopokoyit, Paul Russo, Tom Mulwa, Peter Njonjo and Francis Njogu.
At the same time, Ruto appointed another billionaire, Mary Wambui, as chairman of the Kenya Communications Commission.
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