A woman from the southeast Asian nation of Laos with the backing of four Kenyans has been linked to an estimated Sh2.3 billion ($19.48 million) that investigators at the Assets Recovery Agency (ARA) believe are proceeds of a debit card fraud by an international crime syndicate.
The billions of shillings held in two accounts at Ecobank under the company name Kiwipay Kenya Limited whose directors are the Laotian and the four Kenyans have been frozen by the High Court, pending the filing of a petition to have the money forfeited to the government.
