Millions Under Scrutiny
New details have emerged in court over what investigators describe as a major money laundering scheme involving Mozzartbet Kenya Limited and Kimaco Connections Limited.
The two companies are accused of secretly working together to conceal the transfer of hundreds of millions of shillings through questionable transactions.
According to evidence presented before the court, Mozzartbet allegedly sent more than KSh 256 million to Kimaco under the guise of funding “digital renovation projects.” However, investigators claim that the money never went toward any technological improvements.
Instead, Kimaco reportedly redirected the funds back to Mozzartbet directors, raising serious questions about the company’s financial conduct.
Suspicious Transactions and Key Directors Named
Investigators told the court that Kimaco funnelled the money back through suspicious financial channels benefiting Mozzartbet’s top executives.
Those named in the court documents include Brainimir Melentijeviv, Emmanuel Charumbira, and Musa Cherotich Sirma.
The transactions, according to financial investigators, bore all the signs of an elaborate scheme designed to hide the true movement of funds.
What appeared on paper as legitimate business payments allegedly turned out to be a complex network of transfers meant to disguise the source and destination of the money.
Manipulated Marketing and Misleading Publicity
Court filings also reveal that Mozzartbet allegedly manipulated its advertising and promotional activities to mislead the public. The firm is accused of staging fake betting wins, rewarding selected individuals with small tokens, and then parading them as “jackpot winners” in its marketing campaigns.
Investigators believe this was part of a bigger effort to create the illusion of easy success on the platform a move that lured unsuspecting Kenyans into betting more money.
Such practices, could amount to serious violations of consumer protection and fair advertising laws.
Banks Freeze Contested Funds
The financial institution holding the disputed money has reportedly refused to release it to Mozzartbet. The bank, relying on directions from investigators, insists that the KSh 256 million in question constitutes proceeds of crime.
This development has effectively frozen Mozzartbet’s access to a large portion of its funds while the case continues in court.
More Legal Battles Ahead
In a separate but related case, Mozzartbet is also facing a petition filed by former business partners who accuse the company of defrauding them of shares worth millions of shillings. The petitioners allege that senior company executives including director Musa Cherotich Sirma used threats, coercion, and manipulation to deny them their rightful ownership.
The court has directed that this case proceed to a full hearing next month, citing the seriousness of the allegations and the need for a detailed examination of the evidence.
A Company Under Siege
These revelations mark another blow to Mozzartbet, which has been repeatedly linked to financial irregularities and internal disputes.
The ongoing proceedings could have far-reaching implications for the betting firm’s operations in Kenya, especially as regulators tighten scrutiny on the gambling industry.
If the court confirms the allegations, Mozzartbet could face massive fines, loss of operating licenses, and possible criminal charges for its top executives. For now, the company remains under intense public and legal pressure a stark reminder of the dark side of Kenya’s fast-growing betting industry.
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