PREMIUM Sh1.5bn Equity Bank heist suspect ‘grabs’ microfinance firm Ruth Muthoni Kamau, one of those suspected of stealing cash from Equity Bank i 2024, faces fresh accusations involving a microfinance institution. News 13 hours ago Listen
In a letter dated August 28, Dr Gitau, an advocate of the High Court, and Ashu Kenya Limited claim that Ms Muthoni and Mr Wainaina recently took over a shell company, manipulated the registry entries and changed its name to Fanikisha Access Capital Group Limited.“The plaintiffs maintain that unless this court rescinds the share transaction, orders the rectification of the company registry, and grants permanent injunctions, the first (Mr Wainaina) and second (Ms Muthoni) defendants will systematically strip the assets of the company, launder funds, and cause total corporate insolvency,” Ms Gathimbu adds as he asks the court to freeze the account opened by Mr Wainaina in Fanikisha’s name.
In the Environment and Land Court case, Ms Muthoni and her father, Paul Kamau Karanja, have sued Mr Kogo through his company, Midaga Insurance Brokers Kenya Limited, where he is a sole director.
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