Economy

Humphrey Kariuki Denies Charges Against Him

Billionaire businessman Humphrey Kariuki has come out to deny all nine charges of tax evasion that were issued against him at the milimani law courts on Monday. A statement issued by his lawyers Kilukumi and Co. Advocates indicates that from 31st January 2019, there have been allegations of tax evasion, possession of unaccustomed ethanol and alleged counterfeit stamps by Africa spirits limited, claims that the businessman out rightly denies. Kariuki says that he has confirmed both to the director of public prosecution and the dci that he has no involvement in the management of the said Africa spirits limited and plays no role in its executive management and day-to-day operations whatsoever.

Kariuki presented himself at the courts on Monday two weeks after an arrest warrant was issued against him and was released on a cash bail of 11 million shillings with an alternative bond of 22 million shillings. Humphrey Kariuki maintains that he is a law-abiding citizen who has never been involved in any criminal activity. The businessman further says that he has no outstanding tax dispute with the Kenya Revenue Authority and he does not manage any company that has a tax dispute with the Kenya Revenue Authority.

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