Court of Appeal Declares Mozzartbet Funds as Proceeds of Crime - Nairobi Wire

Court of Appeal Declares Mozzartbet Funds as Proceeds of Crime - Nairobi Wire

The Court of Appeal has delivered a major blow to Mozzartbet Kenya Limited, dismissing the bookmaker’s attempt to recover Ksh256 million that the state seized over suspicions of money laundering. In a ruling that affirmed the findings of the High Court, Appellate Judges Francis Toiyott, Fred Ochieng, and Aggrey Muchelule concluded that Mozzartbet failed to explain why it paid massive sums to an entity suspected of being a shell company. “There w…