Betting firm MozzartBet has moved to court seeking a reversal of a decision to give up Sh302 million to the Government after the money was declared to be from proceed of crime.
The court documents indicate that the firm has asked the courts to reverse the decision and save the company losses.
This is due to the fact that the money was budgeted for the buying of a software that was instrumental in the upgrading of the systems used in the betting industry.
The company further states that it has already spent the Sh256 million by paying the company meant to supply the software which is customised for MozzartBet.
Last month Justice Esther Maina ruled that the money held in three bank accounts associated with the betting firm was part of a money-laundering scheme.
The documentation that was used as supporting evidence was Mpesa payments.
Justice Esther recommended that the money should be forfeited to the government.
The ruling was followed by a petition from the Assets Recovery Agency (ARA), which has been adamant that the money in question was not from gambling under MozzartBet.
The agency said that its investigations revealed that there was a relationship between some of the unclear sources that were wiring cash to a web of accounts and the directors and shareholders of the betting firm.
The agency pointed the scenario as a case of a money-laundering scheme.