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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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