Sharp Daily
No Result
View All Result
Friday, April 17, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Former KeRRA deputy director faces seizure of assets in corruption ruling

Allan Lenkai by Allan Lenkai
November 30, 2023
in News
Reading Time: 1 min read

Former Kenya Rural Roads Authority (KeRRA) deputy director Ms. Margaret Wanjiru Muthui faced a High Court order to forfeit her extensive property holdings, deemed proceeds of crime.

The decision, following criticism from President William Ruto over legal maneuvers to resist a ministry transfer, comes after Muthui successfully contested her transfer in 2019.

Accused of acquiring properties illicitly, Muthui saw the High Court, presided over by Justice Esther Maina, ruling in favor of the Assets Recovery Agency (ARA). The court concluded that 35 apartments and over KES 95.0 million in bank accounts held by Muthui and associates were linked to corrupt activities.

Notable forfeitures include 11 Kileleshwa apartments purchased for KES 264.0 million in cash, a 12-unit building in Ruaka, a Collingham Gardens house in Nairobi, and Riruta, Dagoretti land. The court also directed the seizure of funds in various bank accounts.

RELATEDPOSTS

Vehicles.Photo/[Courtesy]

KERRA announces govt vehicle auction, here’s how to bid

February 7, 2024

The judgment emphasized the use of proxies, such as a grocery seller and students, to mask true ownership, with Justice Maina questioning the logic behind such choices and underscoring their role in obscuring beneficiaries.

Ms. Muthui defended her wealth, citing career and business earnings, but the court found her explanations unsatisfactory, leading to the ruling that stripped her of the contested assets.

This case marks a significant development in Kenya’s anti-corruption efforts, showcasing the government’s commitment to recovering assets obtained through illicit means. The decision underscores the consequences of corruption and the judiciary’s resolve in addressing such cases.

Previous Post

Government asks employers to continue housing levy deductions amidst court challenges

Next Post

Kenya in Saudi crosshairs to solidify oil dependence

Allan Lenkai

Allan Lenkai

Related Posts

News

Corporate governance and business sustainability

April 16, 2026
News

Digital banking in Kenya and its growing impact

April 16, 2026
Analysis

NSE secondary bond market surges

April 16, 2026
Analysis

Fuel prices ease after tax cut

April 16, 2026
Business

CBK reassures on shilling stability

April 16, 2026
News

Kenya’s fuel subsidy under strain as rising import costs threaten price stability

April 16, 2026

LATEST STORIES

Bridging the gap between financial policy and practical use

April 16, 2026

Corporate governance and business sustainability

April 16, 2026

Digital banking in Kenya and its growing impact

April 16, 2026

NSE secondary bond market surges

April 16, 2026

Fuel prices ease after tax cut

April 16, 2026

CBK reassures on shilling stability

April 16, 2026

Kenya’s fuel subsidy under strain as rising import costs threaten price stability

April 16, 2026

Risk-return tradeoff in investment decision-making

April 16, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024