How frozen Sh15 billion slipped away in 2022
The Assets Recovery Agency claimed that shell companies were also incorporated in Kenya for purposes of taking advantage of the liberal financial system to launder funds.
Source: businessdailyafrica.com
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Kenya drops fraud case against 4th Nigerian fintech firm Korapay Technologies
The Assets Recovery Agency has dropped a Sh30 million lawsuit against Korapay Technologies Limited.
Source: nation.africa
Nigeria's Kandon Technologies cleared of money laundering allegations in Kenya
Kandon Technologies, a Nigerian tech company, has been cleared of money laundering and card fraud allegations laid against it by Kenyan authorities earlier in July, according to documents seen by TechCabal.
Source: techcabal.com
Kenya clears Kora of money laundering and card fraud allegations
The Kenyan Directorate of Criminal Investigation (DCI) has said that there’s currently no evidence to prove Kora guilty of all allegations.
Source: techcabal.com
Two other Nigerian tech firms accused of FRAUD in Kenya
Last week, Flutterwave was accused of money laundering in Kenya. Barely a week later, Nigerian-owned fintech Korapay and liquidity management provider Kandon Technologies Limited also received lawsuits for the same accusations and it appears the three cases are connected. Kenya’s Asset Recovery Agency (ARA) filed two suits against the businesses…
Source: newsghana.com.gh