The judge ruled in the Kimaco case based on prejudice, the High Court will overturn the verdict
Decisions made this way, without any legal basis create an unstable economic environment for investment and force foreign investors to leave the country
Numerous illegal decisions that are made in Kenya without any basis create an unstable economic environment for investments and force foreign investors to leave the country. The latest one is the verdict in the case of Kimaco Connections Limited.
According to the judge, the money that was paid to them for providing software platforms for another company was from illegal funds whose origin could not be explained, but such a verdict is absolutely illegal and is based on the judge’s prejudices, without any evidence.
By such actions, dozens of companies, mostly foreign ones, will suffer incalculable damages and there is no doubt that they will seek legal protection from the competent international institutions for the protection of investors’ rights.
Kimaco Connections Limited’s accounts have been blocked, and the decision will surely be overturned in the High Court because there is no legal basis.
If you block Kimaco or any other company in the middle of a business arrangement, of course they will not complete your order. If things were done this way, nothing would work in the business world
This decision is illegal and the High Court will surely annul it.
Decisions like this do great harm to the state of Kenya, all because of the judge’s lack of understanding of how the business world works.