April 21, 2025

newsline

Timely – Precise – Factual

Gachagua has not explained source of riches – ARA

admin September 9, 2021
Do you have shares in owning Kenya, or are you from the 'sosa' tribe?-Newsline.co.ke

Do you have shares in owning Kenya, or are you from the 'sosa' tribe?-Newsline.co.ke

1,390 Views

Assets Recovery Agency (ARA) says Mathira MP Rigathi Gachagua is yet to explain any legitimate origin and source of Sh200 million found in his three accounts.

Through investigating Officer Fredrick Musyoki, ARA claims the averments by the MP that he moved Sh200 million back and forth in his three accounts at Rafiki Microfinance Bank over a period of seven years does not explain any legitimate origin and source of the said funds.

Musyoki said there is no linkage between the alleged loan guarantee and the funds in issue. Gachagua had claimed that the Sh200 million had been rotating between three accounts for the last seven years and upon maturing – quarterly — the principal amount plus interest earned are rolled back to the savings account, at his request.

“My revolving fixed fund of Sh200 million has been subjected to this movement for the last seven years.

Read also:https://www.newsline.co.ke/2022-world-cup-qualifiers-resume-on-startimes/

Therefore, it is incorrect to purport that my accounts transacted a total of Sh12.5 billion,” he claimed.

Legitimate business ARA however claims the allegation that MP is doing legitimate business and the funds in issue are obtained from legitimate businesses is incorrect, deceitful and a ploy to disguise, conceal and hide the source of the said funds and classical scheme of money laundering.

Gachagua also sought to cross-examine the investigating officer on the contents of his affidavit, an application that the officer has opposed. Musyoki claims that the MP has not indicated which specific paragraph of his affidavit that he does not understand and wishes to cross-examine him.

“On February 22, all parties by consent agreed this matter be heard by way of affidavits and highlighting of
written submissions. The respondent (Gachagua) has not demonstrated any special circumstances that warrant this court to lift or vary its earlier directions issued on the basis of the consent of the parties,” he said in the further supplementary affidavit.

The investigating officer further contends that Gachagua has not filed any formal application seeking for his cross-examination and is engaging in delaying tactics so as to frustrate the expeditious conclusion of the matter.

The High Court has since frozen the more than Sh200 million belonging to he MP

Credit:PD

Tags:

308 thoughts on “Gachagua has not explained source of riches – ARA”

  2. 484252 481999Properly, that is excellent, yet consider further options weve got here? Could you mind submitting an additional article relating to them also? Several thanks! 437663

  5. 239728 56311I dont believe Ive scan anything like this before. So excellent to uncover somebody with some original thoughts on this topic. thank for starting this up. This site is something that is necessary on the web, someone with a little originality. Very good job for bringing something new towards the internet! 763375

  9. 512399 802203A quite informationrmative post and lots of truly honest and forthright comments created! This surely got me thinking a whole lot about this concern so cheers a great deal for dropping! 174161

  12. Pingback: Costco
  15. Pingback: รับเขียนโปรแกรม
  299. Pingback: คลินิกปลูกผม

  301. с чему снятся домогательства приснилось что я бегу соревнования джамиля сокращенное
    имя, имя джамиля на арабском
    к чему снятся одинаковые сны 2 раза
    к чему снится родить ребенка для беременной

  304. понятие валюты, национальная валютная
    система tilalemi түсініктеме,
    termincom түсініктеме самый бесполезный факт, интересные
    факты о казахстане для детей соңғы хат қаракесек, соңғы хат 2 текст

  305. овен совместимость с другими
    знаками зодиака в любви гадание двойняшки
    значение цветов, гадание по книге ведьм дом солнца
    песни о магии на русском
    медицинский гороскоп по знакам зодиака если снится покойник
    чтобы не было вреда

  307. еуропалық орталық банк,
    евразийский банк казакша солтүстік америка таулары,
    солтүстік америка климаты өмір
    өзен ағады скачать, шәмші қалдаяқов өмір өзен скачать как загадать желание
    на море, как загадать желание
    на новый год

Leave a Reply

Your email address will not be published. Required fields are marked *

More Stories

Why Your Title Deed Matters: Optiven’s Guide to Securing Land Ownership

April 15, 2025 Reporter Newsline

Cledun Realtors Launches Tumaini Garden Phase 3 Project In Makutano Town

April 7, 2025 Reporter Newsline

Eve’s Hunger: The Silent Battle Between Control and Collapse

March 29, 2025 Reporter Newsline

You may have missed

Dr. Irene Kasalu: The People’s Choice to Lead Kitui into 2027 and Beyond

April 20, 2025 Reporter Newsline

Ahmed Farah’s Tenure as KNCCI CEO Concludes

April 20, 2025 Reporter Newsline

Q&A: Cledun Realtors MD Duncan Muiruri on Land Investment and Winning Big

April 19, 2025 Reporter Newsline

Brazy Named Spotify’s EQUAL Africa Artist for April

April 19, 2025 Reporter Newsline