ARA desires Sh289m, Mercedes Benz seized from Congolese forfeited to State

A State company now desires Sh289 million in three financial institution accounts and a Mercedes Benz seized from a Congolese and his Belgian affiliate surrendered to the federal government.

Property Restoration Company (ARA) says in an software that the cash held at accounts in Stanbic financial institution belonging to Venan Ma-Mabiala Mabiala, a Congolese and Jean–Paul Tshikangu Musangu, a Belgian are proceeds of money-laundering.

The suspects are administrators of Groupe Elykia Restricted, an organization that claims to deal in timber however doesn’t have an handle within the nation. 

ARA desires the cash and Mercedes Benz of registration KDE 033S owned by Mr Musangu declared proceeds of crime and subsequently responsible for forfeiture to the State.

Justice Esther Maina gave orders freezing the cash final 12 months however ARA now desires the cash forfeited to the federal government. The company stated that the respondents “haven’t tendered any cheap proof to indicate that they’re engaged in any professional enterprise”.

One of many accounts registered in Mr Musangu’s title has $305,950 (Sh34.6 million), a second account belonging to Mr Mabiala has $488,423 (Sh55.1 million) whereas a 3rd account registered of their firm’s title (Groupe Elykia) has $1,747,105 (Sh197.4 million).

ARA says within the software that the 2 administrators executed a fancy scheme of cash laundering designed to hide the character, supply, disposition, and motion of the illicit funds.

Proof introduced by the Company in courtroom confirmed that the corporate obtained $5 million from a Mr Dmitri of Vandome Firm in October, for the acquisition of timber, which they didn’t provide.  

“Investigations have established that upon receipt of the suspects’ funds, the Respondents withdrew in money or transferred to a number of accounts owned by themselves or their associates,” ARA investigating officer Mr Fredrick Musyoki stated.

“There are cheap grounds to imagine that the suspects’ financial institution accounts have been used as conduits of cash laundering in an effort to hide disguise the character, supply, disposition, and motion of the illicit funds.”

In his assertion, Mr Musangu stated that Groupe Elykia Restricted sells timber however is but to do any contract within the nation.

The opposite director Mr Mabiala confirmed to the courtroom that their firm doesn’t have premises to promote timber or a registered bodily handle however is a professional entity.

“Groupe Elykia Restricted has by no means imported any timber from Congo DR or some other nation to Kenya,” stated Mr Mabiala within the recorded assertion.