In Summary
  • In his ruling, Mr Andayi granted Mr Karanja different bond terms because he is a senior citizen.

Owners of alcohol brewing giant Keroche Industries Ltd were on Friday released on cash bail after denying 10 counts relating to tax fraud.

A Nairobi court ordered Keroche CEO Tabitha Karanja to pay Sh10 million cash bail and her husband Joseph, who is the chairman of the beer company, Sh5 million.

DIFFERENT BOND TERMS

Milimani Chief Magistrate Francis Andayi ordered them to deposit Sh15 million in seven days failure to which directors apart from the chairman will be arrested.

In his ruling, Mr Andayi granted Mr Karanja different bond terms because he is a senior citizen.

The prosecution through Alexander Muteti and Catherine Mwaniki were not opposed to the suspects release on bond but they wanted the magistrate to direct them to deposit their passports in court.

The defendants' lawyer James Orengo opposed the request arguing that his clients cannot flee the country because they have invested heavily in Naivasha.

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