Economy

Agency seeks forfeiture of Akinyi’s cars over drugs link

Akinyi

Controversial Nairobi businesswoman Joyce Akinyi. PHOTO | FILE | NATION MEDIA GROUP

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Summary

  • In the latest application, the agency says Ms Akinyi estimates the value of the two vehicles at Sh3 million.
  • The agency also says she has been using her accounts at Stanbic Bank as conduits for money laundering and drug trafficking.
  • Court documents state that investigations reveal that Akinyi’s role in drug business is to identify purchasers for distribution and sale.

The Assets Recovery Agency (ARA) wants vehicles belonging to Joyce Akinyi, who is facing drug charges, forfeited to the government, saying they are proceeds of drug business.

In the latest application, the agency says Ms Akinyi estimates the value of the two vehicles at Sh3 million. The agency also says she has been using her accounts at Stanbic Bank as conduits for money laundering and drug trafficking.

Court documents state that investigations reveal that Akinyi’s role in drug business is to identify purchasers for distribution and sale. She allegedly started the trade in 2000 with her husband Anthony Chinedu, who was deported in 2013.

“My investigations further established the respondent acquired assets/properties using the proceeds from the illegitimate trade in narcotic drugs and registered under her name,” ARA investigator Fredrick Musyoki said in an affidavit.

He said from drug trafficking, Ms Akinyi bought a piece of land in Nairobi and developed eight villas. She later sold them or leased to third parties in a bid to conceal the source. One of the units fetched Sh43 million, Mr Musyoki said.

Ms Akinyi has, however denied the claims.