Nairobi News

NewsWhat's Hot

KRA gets orders blocking accounts of City Hall finance chief

The taxman on Wednesday obtained court orders freezing suspended Nairobi County chief finance officer Jimmy Kiamba’s bank accounts, opening a new front in the legal battle over his vast estate.

The High Court granted the orders after the Kenya Revenue Authority (KRA) filed a separate suit against Mr Kiamba, accusing him of failing to fully declare and pay taxes in the last eight years.

The KRA had sought orders to preserve the funds contained in 10 bank accounts associated with Mr Kiamba, who is now prohibited from making any transfers, withdrawals or deposits in the accounts.

Five of the accounts are with CFC Stanbic Bank and two accounts with Co-operative Bank. Mr Kiamba also operates one account each at Standard Chartered Bank, Equity Bank and Gulf African Bank.

Read the full story here.

SOURCE: Business Daily