Asset Recovery Agency will hand back the deputy president Rigathi Gachagua Ksh 202 Million which was frozen six months ago.
The agency said that after gathering new evidence, they found out that the money forfeited to the state six months ago was not proceeds of crime and that the Deputy President has explained the source and legitimacy of the said money to satisfaction.
funds held in three accounts at Rafiki Microfinance Bank in the name of Rigathi Gachagua will be released to him. Funds held in another account belonging to Jenne Enterprises will also be released.
The money held in Rafiki Microfinance Bank, are is in three accounts with one holding Ksh.165 million, a second account holds Ksh.35 million and the other holding Ksh.773,228. A fourth account, holding Ksh. 1,138,142, is registered in the name of Jenne Enterprises.
Last year, before the elections, Rigathi Gachagua said he would fight to recover his frozen money, which the government held after questioning Ksh.12.5 billion that passed through his accounts.
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"And you know if we take over the government... you know this government froze my money when we take over, the money will be unfrozen."
ARA claimed that at the time the high court was issuing its judgement, the new evidence was not placed before the judge.
