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Humphrey Kariuki Re-arrested Minutes After Release

Billionaire businessman Humphrey Kariuki [Courtesy]

Businessman Humphrey Kariuki has been re-arrested minutes after he was released on bail.

Kariuki was arrested outside the High Court by sleuths from the Directorate of Criminal Investigations, who had been waiting outside the court.

He was arrested in relation to importation of methanol, and will be arraigned on Tuesday.

Kariuki presented himself to court today, after he was summoned in connection to tax evasion charges, amounting to Ksh41 billion.

Read: Tycoon Humphrey Kariuki Released On A Ksh11 Million Cash Bail After Denying Tax Evasion Charges

Appearing before Magistrate Francis Andayi, the billionaire was charged with evading taxes amounting to Ksh41 billion between 2014 and 2019.

He was charged alongside Stuart Geraid, Simon Maundu, Africa Spirits Limited, and Wow Beverages Limited.

However, they all denied the charges pending their release on bail.

Read: Billionaire Humphrey Kariuki Steps Down As DPP Seeks International Arrest Warrant

He was released on a Ksh11 million or bond of Ksh20 million to secure his freedom.

He is also required to deposit his two passports as a guarantee that he will remain in the country during the period of his trial.

The court also directed the businessman to present himself at DCI headquarters for formal processing.

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Francis Muli

Written by Francis Muli

Senior reporter at Kahawa Tungu, Muli has a passion for human interest stories. He believes in unearthing societal rots that have been hidden from the public eye. He has also carved himself a niche in writing business stories. He has worked for various organisations including Kenya Television Service, Business Today among others. Follow him on Twitter @FmuliKE.
Email: mulifranc2@gmail.com

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