Accounts –Deputy President Rigathi Gachagu’s seized sh 200 million has been refunded by the State.
The sh 200 million which had been forfeited by Uhuru Kenyatta’s regime claiming it was proceeds of corruption has been found to be clean money out of hard work.
Gachagua’s Lawyer Kioko Kilukumi and the Asset Recovery Agency ARA, reached an agreement to settle the matter after new evidence in his favour emerged.
And today Wednesday February 1, the Court of Appeal vacated all orders of the High Court that had declared the millions as graft proceeds.
In June last year, Justice Esther Maina ordered that the sh 200 million be returned back to the State; what led to freezing of several bank accounts belonging to Mr. Gachagua.
The Star publication listed that Gachagua’s three accounts at Micro-Finance Bank were holding sh 165 million, sh 35 million and sh 773,228 all in total of sh 200 million fraudulently acquired cash.
Furthermore, a fourth bank account in the name of Jenne Enterprises held questionable sh 1,138,142.
During the early stages of the case, Gachagua’s defence team argued that the monies in question came from loans and government tenders.
