Kenyan Fugitive Billionaire Resigns From Continental Firm

  • Billionaire Humphrey Karikui (centre) with others in the past Twitter
  • Embattled businessman, Humphery Kairuiki’s life was thrown into the limelight after DPP Noordin Haji ordered his arrest, on Thursday, over alleged tax evasion amounting to Ksh41 billion.

    Things went from bad to worse after the DPP asked for Interpol's assistance in tracking him down when he failed to surrender himself and was said to be out of the country.

    On Tuesday, the board of Janus Continental Group announced his resignation from his position as the chairman of the firm.

    Nairobi billionaire Humphrey Kariuki (left) and Tourism CS Najib Balala (centre) and Kenya Cultural Centre Chairman Nicholas Moipei.

    The firm has businesses in eight African countries with interests in energy, hospitality and conservation and real estate.

    Investigative reports indicated that the billionaire on the run had been spotted in London, on Monday, as the manhunt continued.

    Kariuki is also the chairman of Africa Spirits Limited and Wines of the World Beverages in Kenya, the companies under investigations for tax evasion.

    Earlier, Detectives from the Department of Criminal Investigations were baffled during a raid on billionaire Kariuki's property.

    Armed with a court order seeking to freeze and investigate his bank accounts and those of his associates, they raided his Fairmont Mount Kenya Safari Club.

    The detectives were targeting his vast wealth at the Nanyuki hotel but were shocked to discover only a few valuable movable items.

    A cloud of Ksh41 billion tax evasion charges hangs over his head, as he traverses the world. Police fear that he could be headed to Cyprus, where he is a citizen.

    In Cyprus, investors have to part with Ksh226 million for a passport.

    A photo of Fairmont Mount Kenya Safari Club owned by Kariuki