A court stopped the Asset Recovery Agency from releasing a Sh17 million worth of car in a dispute over its auction.
This is after a businessman who had won bid to purchase the car from ARA moved to court to oppose plans by the state agency to short change him.
“It is hereby ordered that pending the inter partes hearing of this application, a temporary injunction be and is hereby issued restraining the 1st respondent, whether by itself, its officers, servants, agents, or any other person acting under its authority, from releasing, transferring, disposing of, alienating or in any manner dealing with the Bentley Continental GT, being chassis number SCBCC1356KC072476 to any person or any entity other than the applicant,” Lucy Njora directed.
The matter will be heard on July 10 before Justice Ole Keiwua.
The businessman accused Asset Recovery Agency (ARA) of failing to release the high-end vehicle that he bought through action on June 18.
The vehicle, registration number KCU 966C was recovered from businessman Jared Otieno after the High Court declared that it was a proceed of crime.
ARA had last month, through an auction catalogue reference number ARA/PA/002/2024-2025, advertised that it was selling forfeited assets by public auction and the successful buyers had to pay the mandatory 25 percent deposit and clear the balance within a period of 14 days.
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