Reclusive billionaire Humphrey Kariuki has been acquitted in the Ksh 7.4 million tax evasion case.
Magistrate Kennedy Cheruiyot said the Director of Public Prosecution had failed to produce witnesses as required by law.
“The prosecution is not ready to present witnesses even after being given three days to do so. This gives me no option other than to invoke the provisions of section 202 of the criminal procedural code,” Cheruiyot said.
Kariuki was facing charges on three separating cases, all touching on tax evasion.
In February, 2019, the Directorate of Criminal Investigations raided one of his business premises -Africa Spirits Limited in Thika, Kiambu County, investigating tax fraud.
Released on Cash Bail
Kariuki, hitherto unknown to the larger Kenya public, was taken to court and released on a Ksh11 million cash bail.
It was then that his vast business empire under the Janus Continental Group came to the public limelight. Besides Africa Spirits, his other entities include Dalbit Petroleum, Hub Mall (Karen), Fairmont Mount Kenya Safari club (Nanyuki) and Great Lakes Energy.