COURT FREEZES KSHS 167 HELD IN BANK ACCOUNTS OVER MONEY LAUNDERING CLAIMS

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The Asset Recovery Agency (ARA) has moved to Court to have Ksh. 167million from three companies forfeited to the State following suspicion that the money deposited into their accounts, was proceeds of crime and money laundering.
The ARA moved to the High Court to have the accounts of the three companies frozen, stopping them from transacting, withdrawing or dealing with the money they received from an entity in Amsterdam.
The three companies, Mubadala Merchants LTD, First Cargo Logistics Ltd and First Line Capital Ltd were accused of using agreements supported with falsified customs declaration forms purported to be from KRA to support the transfer of the funds into their accounts.
Working with other anti-corruption agencies, ARA has recovered millions of shillings as well as properties in the heightened fight against corruption. The corrupt have been using illegally gotten wealth to fight back and frustrate the fight against corruption.

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