2 w. ago
Court of Appeal Declares Mozzartbet Funds as Proceeds of Crime
The Court of Appeal has delivered a major blow to Mozzartbet Kenya Limited, dismissing the bookmaker’s attempt to recover Ksh256 million that the state seized over suspicions of money laundering. In a ruling that affirmed the findings of the High Court, Appellate Judges Francis Toiyott, Fred Ochieng, and Aggrey Muchelule concluded that Mozzartbet failed to explain why it paid massive sums to an entity suspected of being a shell company. “There was sufficient evidence on the statutory threshold of balance of probabilities to implicate Mozzartbet,” the judges said, “and it cannot benefit from the protection of a third party.” Betting Software Deal Under Scrutiny Mozzartbet had argued that it paid The post Court of Appeal Declares Mozzartbet Funds as Proceeds of Crime appeared first on Nairobi Wire.
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