A Nairobi Technical Training Institute student caused a stir on Friday, November 19 after she was caught with Ksh 102 million and was hard-pressed to explain the source of his income after her account was flagged by the authorities.
The 21-year-old told the Assets Recovery Agency that her Belgian boyfriend had gifted her the amount in question but since her explanation could not convince the involved officials, they moved to court seeking orders to freeze the accounts until investigations are completed.
According to the Assets Recovery Agency, the student opened the account on August 2, 2021, and the amount was wired in the same account two days later which raises suspicion and therefore there was a need to establish the source of the money.
“There are reasonable grounds to believe that the funds held in the account in the name of the respondent, are illicit funds in which the respondent is involved in a money-laundering scheme designed to conceal and disguise the nature, source location and movement of the funds,” the ARA stated in court documents.
The first deposit of Ksh25,803,756 was made on August 4, 2021. A second deposit of Ksh25,803,756 was made on August 5 with the third and fourth deposits coming in on August 6 but as separate transactions of Ksh25,242,756 and Ksh25,579,356.
The student informed her lawyers that she was out of the country in October and was not on the exact date that she will be coming back.