The sports betting firm Mozzartbet Kenya is on the spot over the allegations of money laundering after the Sportpesa was accused of the similar allegations.
The High Court has frozen over Sh300 million belonging to Peter Kiilu Makau and Consolata Mwende Kiilu who are the directors of the accused companies Kimaco Connections Ltd and Pescom Kenya Ltd, who received more than half a billion shillings from betting firm Mozzartbet Kenya Ltd in what has been flagged as a suspicious case of money laundering.
It is reported that Kimaco Connections received over sh576 million from MozzartBet Kenya between February and June.
Kimaco also received Ksh95 million from Open Skies, which is owned by a Zimbabwean, Emmanuel Charumbira, who is a shareholder in Mozzartbet Kenya.
Kimaco Connections later transferred Ksh242 million to the accounts Open Skies Management.
Assets Recovery Agency (ARA) says the transactions constitute snuffing and layering of funds in money laundering scheme, to conceal the movement of cash. And despite receiving the amount, Kimaco Connections filed nil returns to evade paying tax.
Mozzartbet Kenya is owned by former Musa Cherutich Sirma, MozzartBet Africa and Mid Logistics Limited
By Christabel Airo