The Excessive Courtroom has frozen properties belonging to the director of Goldenscape Greenhouse Restricted Peter Wangai Muriithi, pending the dedication of a case filed by a State company.
Justice James Wakiaga ordered a caveat to be positioned in opposition to 15 parcels scattered in Laikipia and Kajiado counties, six autos and 5 bikes belonging to Mr Muriithi and his firms.
He was charged earlier than a Nairobi courtroom in March with acquiring thousands and thousands from Kenyans by promising them good returns for investing in greenhouses.
Mr Muriithi denied a complete of 21 counts for allegedly luring Kenyans to put money into greenhouses that have been to be arrange in Ol Kalou and Nyahururu in Nyandarua County.
“An order be and is hereby issued directing the respective Land registrars to register a caveat in opposition to the titles of every of the land parcels specified,” Justice Wakiaga directed.
The decide additionally ordered the Director-Normal Nationwide Transport & Security Authority to register a caveat in opposition to the motor autos and the bikes.
Property Restoration Company (ARA) moved to courtroom saying investigations established that Mr Muriithi, by way of his firms was concerned in a scheme of cash laundering, utilizing funds obtained from the general public, which have been later transferred to his financial institution accounts, firms or enterprise entities, he owns.
The courtroom heard that Mr Muriithi later used the illegally acquired funds to buy properties within the numerous names, amongst them the businesses he owns.
“There’s imminent hazard the Respondents shall dispose, switch and dissipate the stated properties as there are not any courtroom orders at the moment preserving the belongings in situation,” the company’s Senior state counsel Joyce Ngelechei stated.