Recovery agency allowed to freeze Ksh 102M held in student’s bank account

Felesta Nyamathira Njoroge with her her Belgian boyfriend De Mesel Marc.
Felesta Nyamathira Njoroge with her her Belgian boyfriend De Mesel Marc.

Assets Recovery Agency (ARA) allowed a 21-year-old student to freeze Ksh 102 million held in his bank account on Friday, November 26.

This comes just seven days after ARA went to court asking for the bank account holding the car to be frozen, saying such a large payment could be criminal proceeds.

On Friday, a newspaper advertisement revealed that the money was frozen for 90 days.

A ruling issued by Judge Esther Maina said that no one would be allowed to withdraw money from the account.

“Precautionary lien orders are issued and issued prohibiting the opposition, their employees, agents, servants, or other persons acting on their behalf, from any transaction, withdrawal, transfer or transaction in any way with respect to any profit or benefit derived or accrued from the contract. Funds indicated”, the order issued by Justice Maina was read.

Felesta Nyamathira Njoroge, a student at the Nairobi Technical Institute, told ARA officials that the money was given as a gift by her Belgian boyfriend.

The explanation, however, did not satisfy the authorities, who went to court to ask for the account to be frozen before the money was transferred or withdrawn elsewhere.

What caught the attention of the officials of the organization was that the account was opened on August 2 and the money was channeled to him two days later.

“There are reasonable grounds to believe that the funds held in the account on behalf of the defendant are illicit funds in which the defendant is involved in a money laundering scheme designed to disguise and disguise the defendant's nature, place of origin and movement. funds,” ARA said in court documents.

ARA officials believe that if the account is not frozen, Njoroge will continue to benefit from money believed to be criminal proceeds.

In court documents, ARA said that the first deposit was Ksh25,803,756 sent to the account on August 4, 2021.

The second deposit of ksh25, 803, 756 was made on August 5 and the third and fourth deposit of ksh25, 242,756 and ksh25 579, 356 were transferred on August 6.

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