Businessman Humphrey Kariuki's assets and bank accounts have been frozen.
This is after the Director of Public Prosecutions (DPP) Noordin Haji obtained an order from the court allowing him to proceed with the plan to have the accounts frozen over Sh41 billion tax evasion charges.
The DPP has been allowed to freeze the assets of the tycoon which include airplanes, ships and other immovable property pending probe into the tax evasion claims.
The DPP was given the orders on August 9, 2019, after the billionaire went missing.
Reports indicate that the businessman has since moved to court seeking to reverse the orders from the DPP after filing an application at the Milimani law courts.
In his aplication, Kariuki asked the court to reconsider the case before freezing his accounts. He faulted the court for erring in the seizure of his properties including Wow Beverages Limited.
The DPP had named African Spirits Limited and Wow Beverages as the respondents in the tax evasion case facing the tycoon.
Through his lawyer Benjamin Musyoki, Kariuki said freezing of his assets is likely to cripple the operations of the firm.
"There is no evidence of any risk or dissipation of any of the assets placed before court which include aeroplanes, ships, and other immovable properties," Musyoki said as quoted by Nation.