By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Police deny holding sugar billionaire Jaswant Singh Rai
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Business > Police deny holding sugar billionaire Jaswant Singh Rai
Business

Police deny holding sugar billionaire Jaswant Singh Rai

hallanaija
Last updated: August 28, 2023 2:08 pm
hallanaija 2 years ago
Share
Mumias Sugar
Sugar billionaire, Jaswant Singh Rai. FILE PHOTO | NMG
SHARE

The mystery surrounding the daylight abduction of sugar billionaire Jaswant Singh Rai has taken a new turn after police denied reports linking them to the Friday incident.

The businessman, who is also the chairman of Kabras Sugar, went missing after his Toyota LC300 was ambushed at the junction of Wood Avenue in Kilimani, opposite Kenwood Apartments, at around 4pm by persons driving a grey double-cab pick-up.

One of the lawyers representing the family, Senior Counsel Kioko Kilukumi, said the family hadn’t had any contact with Mr Rai as of Sunday and that he couldn’t be reached by phone.

The Director of Criminal Investigations (DCI), Amin Mohamed, said that Mr Rai was not being held by his officers.

“We are not holding him. We do not have a detention facility, but the matter is under investigation,” Mr Amin said.

CCTV footage of the abduction shows four men getting out of the pick-up and forcibly pulling the occupants of the billionaire’s car into their vehicle before speeding off towards Galana Road.

Mr Rai’s vehicle is then left idling on the road. Later, officers from Kilimani Police Station were seen towing it to the station, unoccupied and with only a minor scratch on the front right side where the pick-up had made contact. A report on the vehicle was made under OB number 40/25/8/2023.

READ MORE  Equity buys extra 6.6pc stake in DRC bank for Sh9.2bn

Kilimani Sub County Police Commander Moss Ndiwa said the following day that a woman who identified herself as Mr Rai’s daughter, accompanied by a lawyer, went to the station to file a missing person’s report. The report was registered under OB number 21/26/08/2023.

“She also confirmed that the vehicle towed to the station was his,” Mr Ndiwa added.

The family has since shared the CCTV footage of the incident, which led them to conclude that Mr Rai had been kidnapped. But Mr Ndiwa said that they could not confirm that this was indeed a case of kidnapping.

Some of Mr Rai’s lawyers have speculated that the ‘abduction’ has something to do with the ongoing battle over the receivership of Mumias Sugar Company, which saw him arrested by detectives from the Economic Crimes Unit, who are investigating a Treasury report alleging an attempt by some individuals and companies to defraud the firm.

Rai
Sugar billionaire, Jaswant Singh Rai. FILE PHOTO | NMG

In his application, Mr Rai said he was escorted from the Jomo Kenyatta International Airport (JKIA) to the DCI offices on an alleged red alert against him and was subsequently questioned about his involvement in Mumias.

READ MORE  Amb Martin Kimani Named New Executive Director Of New York University Center On International Cooperation

“This marks the unfortunate return of extrajudicial methods that the new government promised to end. The IG owes Kenyans an explanation. We demand the immediate and safe return of Mr Rai,” said Eric Theuri, the president of the Law Society of Kenya.

The billionaire has since been granted anticipatory bail to prevent the police from arresting him when the case comes up for hearing on October 6.

Several sources have linked the kidnapping to a business rivalry in the sugar industry, which also involves senior government officials.

The missing Rai is a member of the Rai family, one of the country’s richest families, which controls major stakes in the edible oil and sugar industries, controlling more than half of the country’s sugar market.

In 2021, the group bid for the state-owned Mumias Sugar Company through its Ugandan subsidiary, the Sarrai Group.

The family also has interests in property, agriculture and cement.

You Might Also Like

Nintendo promises to reveal the successor to the Switch “this fiscal year.”

In 2023, consumers paid for 3,211.9MW of electricity that was not used.

Kenya records lowest inflation rate in 14 months

Absa and Acorn Holdings make Sh6.7b student accommodation deal

State reveals plan to hand struggling millers to private investors

Share This Article
Facebook Twitter Email Print
Previous Article David Ndii Ndii Says Sufficient Dollar Stock In Place To Settle Maturing Fuel Debt
Next Article betika Gambler wins court case to claim Sh500,000 prize after Betika refused to pay
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • The champions host Mikel Arteta’s side this afternoon.
  • Bangladesh bans activities of ousted PM Hasina’s party following protests
  • Court will give me justice; Gachagua says after illegality found in his removal process
  • 🎙️Thierry Henry: “Tomorrow in Montjuïc, Barcelona will clinch the title and prove to the world who is the best!”
  • Columbia University suspends more than 65 students over library occupation

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?