Kidero fights to save freezing of KES 1 billion accounts
17 August 2015, 17:33
Nairobi - Nairobi Governor Evans Kidero is fighting to save his accounts worth KES 1 billion from being frozen over his part in the swindling of the Mumias Sugar Company.
Kidero is facing possible freezing of his accounts after a businessman Jacob Juma applied so in a Nairobi court, stating that Kidero stole KES 650 million from Mumias.
Former Mumias CEO Kidero has denied that he did so.
Juma has accused Kidero of making the irregular payment which he states was put up in the said account that is facing freezing but Kidero has explained to the court his side of the story.
" I never received the money in cash on behalf of the company.
The sum alleged to have been paid to me by Y.H. Wholesalers Limited for
the sale of 1,3450 metric tons of sugar was paid to the account
belonging to Mumias Sugar Company through three different bank transfer
transactions on different dates," reads an affidavit by Kidero filed before High Court judge
" To freeze my
accounts with respect to monies that I never took would be a great
injustice to my person as I would be evidently curtailed in the use of
my property due to the huge amounts of money the petitioner is
requesting the court to freeze."
Kidero has been accused by Western Kenya MPs of being behind the collapse of Mumias, which has struggled badly to replicate its past glorious returns.
The company is estimated to have lost about KES 20 billion in the last 10 years.
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