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Controversial businessman Jared Otieno loses bid to reclaim luxury cars seized by the State

National

By Francis Ontomwa | Sep 26, 2024

Audio By Vocalize

**Controversial businessman Jared** **Kiasa with spear and shield after being installed by the Luo Council of Elders in Ndhiwa Constituency to contest Homa Bay gubernatorial seat.** [James Omoro, Standard]

Controversial businessman Jared Kiasa Otieno has faced a significant setback in his quest to reclaim two high-end vehicles seized by the Assets Recovery Agency (ARA) as alleged proceeds of crime.

In a judgment delivered on September 20, 2024, a three-judge bench sitting at the Court of Appeal dismissed his appeal to recover one of the vehicles - a Bentley Continental GT, which he claims to have purchased for $453,907 (about Sh58 million at the current exchange rate), and which was registered under Yugni Holdings.

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