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Nyanza26 March 2024 - 15:53

Arrest warrant issued against oil tycoon Yagnesh Devani

Yagnesh was charged with stealing 318,665 tonnes of jet fuel valued at Sh 1.5bn.

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by The Star
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Businessman Yagnesh Mohanlal Devani before magistrate Gilbert Ondieki when he appeared for mention where he was charged with stealing 318,665 metric tons of Jet Fuel valued at USD 365,975 the property of Kenya Commercial Bank on February 12, 2024./DOUGLAS OKIDDY

A Milimani court has issued a warrant of arrest against Oil tycoon Yagnesh Devani after he skipped court in a sh 1.5 billion fraud case.

Milimani Senior Principal Magistrate Robinson Ondieki issued the warrant following an application made by the prosecution who said this is the second time he has failed to attend court.

He was to appear in court for a mention of the case but he was nowhere in sight.

In the case, Yagnesh was early this year charged with stealing 318,665 tonnes of jet fuel valued at Sh 1.5bn, a property of Kenya Commercial Bank.

Devani had been on the run since 2008 before he was arraigned in court in January this year before Magistrate Ondieki.

He denied the charges and was released on a cash bail of Sh1 million.

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