A student risk losing Sh 109 million after the Asset Recovery Agency (ARA) recorded a
formal application to have her forfeit the money for being proceeds of crime.
ARA, through an application filled under the High Court, claimed that subsequent to conducting thorough investigation concerning Felesta Njoroge’s bank accounts, it was laid out that she was part of an international ring of fraudsters engaged in money laundering..
“We have discovered that she is part of a syndicate involving complex money laundering schemes with individuals from various countries including Belgium, from where she received the money on the pretext that it was a gift from her boyfriend,” ARA lawyer, Stephen Githinji, said.
The student apparently disappeared to Tanzania by crossing the Namanga boarder on October second, 2021, when she was summoned by ARA to shed light on the source of the money deposited in her bank account.
The ARA agency wants Felesta’s USD914,967 (Sh 104, 205, 591) held at Cooperative Bank and Sh 5 Million held at Stanbic bank to be relinquished to the State over claims that she was being used by her foreign partners to launder the illicit funds.