Big Win to Rwandan Investor to Kenya, Desire Muhinyuza of Stay Online Company as the High Court orders Kirimi Koome To Refund him Ksh 400m.
The High Court Judge, Mabeya ruled that Koome acquired the money fraudulently
“Accordingly I find that the plaintiff (Desire Muhinyuza) is the owner of the company and the first defendant (Kirimi Koome) committed fraud by not filing the forms of ownership properly,” ruled justice Mabeya.
The Rwandan Businessman Desire Muhinyuza and Kenyan businessman Kirimi Koome were each claiming ownership of the company in the case.
Desire told the court that he trusted Koome after being introduced to him and being told that he comes from a wealthy family and that he would connect him with prominent people.
Desire further explained to the court how he injected money, including capital, into this business, adding that he lacked the necessary documents, forcing him to register the company in the country because he was not a Kenyan.
According to the evidence presented in court, Koome was supposed to earn commissions and act as an agent, however, he fraudulently concealed information about Desire who was supposed to be the legal beneficiary of Stay Online Company.
Koome was charged in October with conspiracy to defraud a Rwandese national of Ksh.400 million.
He is accused of conspiring to defraud Desire Muhinyuza, a Rwandese National and the beneficial owner of Stay Online Limited of USD 2,619,583.27, being merchant funds by falsely representing himself as the owner of the said funds.
