BETTING KENYA MozzartBet Fights $2.6-Million Seizure Transferred Through M-Pesa 3 months ago Szarlot Post Views: 331 MozzartBet, a betting company, has returned to court to fight the Kenyan State against the seizure of Sh302-million ($2.6-million) that was declared to have been acquired through alleged crime. According to Business Daily, the company says that the millions are meant to buy software that’s meant to upgrade the betting firm. It says it had already paid Sh256-million ($2.2-million) which was part of the amount that was seized and forfeited to the State. Justice Esther Maina ruled in April that the money was held in three bank accounts as part of an alleged money-laundering scheme supported by payments through M-Pesa. Maina declared that the money had to be forfeited to the government, as a result. MozzartBet CEO Sasa Krneta Assets Recovery Agency (ARA) launched a petition indicating that the money was not generated from gambling under MozzartBet. The agency said that the unclear source and wiring of the cash to a web of accounts, as well MozzartBet and to shareholders, point to a money-laundering scheme. MozzartBet is now appealing to the court as a counterattack to the petition. “Should its appeal succeed, the interested party (MozzartBet) will face serious, potentially insurmountable, hurdles recovering them, given, what is a matter of public notoriety, the process of recovering judgments against the government and its agencies,” – the company wrote in an application. “As a first instance court, which is not infallible and given that the interested party has a right to appeal, this court has got both the jurisdiction and in an appropriate case, a duty to preserve the subject matter of such an appeal by granting such interim relief as may be appropriate,” – it said. The ARA dismissed MozzartBet’s explanation that it paid the money to acquire from Kimaco Connections a software, according to Business Daily. Peter Kiilu, the owner of Kimaco Connections, allegedly wired Sh242-million ($2.1-million) to Open Skies Management Services. Open Skies Management Services is owned by Zimbabwean Emmanuel Charumbira and a shareholder of Mozzartbet. Source: itnewsafrica.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: fraud, Kenya, MozzartBet Continue Reading Previous Most Kenyans really don’t know how to manage moneyNext African TV advertising looks like it bounced back in 2021 More Stories BETTING GHANA Ghana: Gaming Commission Must Regulate Industry 18 hours ago Szarlot BETTING KENYA Kenyans spend over KSh 300b on bets, cigarettes and liquor yearly 20 hours ago Szarlot BETTING NIGERIA All About Cricket Betting 2 days ago Iwo Bulski EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 2 days ago Szarlot BETTING KENYA Kenyan government orders all operators to close for election day 2 days ago Iwo Bulski BETTING KENYA The government should work with the betting industry 1 week ago Iwo Bulski KENYA ONLINE The influencers paid to push hashtags 1 week ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 2 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 2 weeks ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 2 weeks ago Samuel BETTING KENYA Tanzania joins Kenya, Uganda tax squeeze on gamblers’ winnings 2 weeks ago Iwo Bulski BETTING HOT NEWS KENYA BCLB clears 11 betting companies to receive operating licenses 3 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.