Tebby Wambuku, who was at the focus of inquiries into an alleged global money laundering conspiracy involving foreigners, has had a Sh113 million “dirty cash” case against him withdrawn by the Asset Recovery Agency.
Yesterday, the cash-freeze lawsuit against Ms. Tebby Wambuku Kago was dismissed, allowing her to spend the $909,900 (Sh113.1 million) that she received as a “love gift” from a businessman in Belgium two years ago.
Marc De Mesel, a Belgian crypto enthusiast who also sent over Sh300 million to three other Kenyan ladies and a student, gave Ms. Wambuku the money in April 2021.
Ms. Wangui got Sh49 million, Ms. Wambui received Sh100 million, Ms. Wambui obtained Sh113 million, Ms. Njoroge did receive Sh109 million. The women allegedly had romantic relationships with the millionaire from Belgium.
Mr. Timothy Waigwa, a 22-year-old student at Kirinyaga University, is another recipient of money from the Belgian national. He received Sh47 million as a present.
Ms. Wambuku’s age and profession were not given by ARA in court documents. According to the State agency, she claimed to be self-employed while opening her Equity Bank account in 2021.
However, because there was only one deposit made into her accounts—the money from Mr. De Mesel—the ARA began to believe that the deposits were the proceeds of criminal activity.
According to court records, Mr. De Mesel wired $224,975 on August 6, $229,975 on August 10, $234,975, and $219,975 all on the same day.
When the case was called for mention before the High Court in Milimani, Nairobi, ARA claimed that the purported financial offences had not been the subject of any further investigation.
The inquiries into the charges of money laundering turned up nothing, thus the money is legitimate. According to ARA, Ms. Wambuku was suspected of being a member of a gang of intricate money-laundering schemes involving foreign nationals, in which the illicit proceeds are funneled via the bank accounts of these individuals.
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