×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Court grants Yagnesh Devani bail in Sh7.6 billion Triton scandal

Vocalize Pre-Player Loader

Audio By Vocalize

Businessman Yagnesh Devani at Milimani law courts before Anti-Corruption chief magistrate Thomas Nzioki on Wednesday, August 7, 2024 where he was charged with 11 counts of fraudulent disposition of mortgaged goods, for clearance of petroleum products valued at 10.4 million U.S dollars without the consent of the mortgagee. [Collins Kweyu,Standard]

Billionaire businessman Yagnesh Devani, who has been embroiled in the infamous 2008 Triton oil scandal, was released on a Sh5 million cash bail after spending over 15 days in custody.

Milimani Anti-Corruption chief magistrate Thomas Nzyoki, in his ruling, ordered Devani's release on the condition that he either deposits the Sh5 million cash bail with two personal sureties or provides a bond of Sh30 million with one surety of a similar amount.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Sports
Champions Kenya Pipeline ambush KDF soldiers
By AFP 13 hrs ago
Sports
IOC lifts Olympic ban on Belarus but Russia 'still suspended'
Sports
Kabras Sugar seek more sweetness in Kenya Cup final against KCB
Sports
Kipawa soccer academy pick key lessons from Germany tour