GAZETTE NOTICE NO. 11037

IN EXERCISE of the powers conferred by section 92 (5) of the Proceeds of Crime and Anti-Money Laundering Act, 2009, the Registrar High Court gives notice to— VIRTUAL FINANCIAL INTERNATIONAL LIMITED THAT the High Court has issued Forfeiture Orders in High Court Civil Suit (Anti-Corruption and Economic Crimes Division) No. E1 of 2024 as specified in the Schedule hereto: REPUBLIC OF KENYA IN THE HIGH COURT OF KENYA AT NAIROBI ANTI-CORRUPTION AND ECONOMIC CRIMES DIVISION ACEC SUIT NO. E1 OF 2024 ASSETS RECOVERY AGENCY— (Applicant) VERSUS VIRTUAL FINANCIAL INTERNATIONAL LIMITED —(Respondent) DECREE CLAIM FOR IN THE APPLICATION: THAT this Honorable court be pleased to issue an order declaring that the following funds are proceeds of crime and therefore liable for forfeiture to the State; (a) USD 16,661.75 held in Account No. 1330262230352 in the name of Virtual Financial International Limited held at Equity Bank. (b) KSh. 60,789,500.05 held in Account No. 1330262232559 in the name of Virtual Financial International Limited held at Equity Bank. THAT this Honorable court be pleased to issued orders of forfeiture of the following funds to the Applicant; (a) USD 16,661.75 held in Account No. 1330262230352 in the name of Virtual Financial International Limited held at Equity Bank. (b) KSh. 60,789,500.05 held in Account No. 1330262232559 in the name of Virtual Financial International Limited held at Equity Bank. THAT this Honorable court be please to issue an order that the above funds be transferred to the Assets Recovery Agency. 30th August, 2024 THE KENYA GAZETTE THAT this court do make any other ancillary orders it considers appropriate to facilitate the transfer of the property forfeited to the Government. THIS MATTER coming up on 26th July, 2024 before Hon. Justice Francis Gikonyo for Judgment on the Application dated 3rd January, 2024 brought by the Counsel for the Applicant under Sections 81, 90 and 92 of the Proceeds of Crime and Anti-Money Laundering Act as read together with order 51 of the Civil Procedure Rules and all enabling provisions of the law. IN THE PRESENCE of Counsels for the Applicant and Respondent, IT IS HEREBY DECREED: 1. THAT the judgment be and is hereby entered for the applicant against the Respondent as follows— (a) THAT the sum of KSh. USD 16,661.75 held in Account No. 1330262230352 at Equity bank limited, in the name of Virtual Financials International Limited is a proceeds of crime and be and is hereby forfeited to the State. (b) THAT the sum of KSh. 60,789,500.05 held in Account No. 13302622322559 at Equity bank limited, in the name of Virtual Financials International Limited is proceeds of crime and be and is hereby forfeited to the State. (c) THAT it is hereby ordered that the funds in the said accounts shall be transferred to the Applicant. 2. THAT the Respondent shall bear the costs of this Originating Motion. GIVEN under my Hand and the Seal of this Honorable Court this 26th July, 2024. ISSUED at Nairobi this 1st day of August, 2024. ADELAIDE SISENDA, Deputy Registrar, High Court of Kenya Anti-Corruption and Economic Crimes Division, Nairobi. Dated the 12th August, 2024. C. O. OMONDI, Registrar, High Court of Kenya.