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Billionaire in trouble for not declaring his Cypriot Passport

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Billionaire in trouble for not declaring his Cypriot Passport

While they have a right to become dual citizens, the Citizenship and Immigration Act states that every Kenyan should disclose their other citizenship within three months of becoming a dual citizen.

In Cyprus, Kenyan investors have to part with Ksh226 million for a passport. They also have to make a compulsory donation of Ksh8.4 million to the Research and Innovation Foundation and another of the same amount to the Cyprus Land Development Corporation that funds the country’s affordable housing program.

Kenyan Humphrey Kariuki is currently put on DCI’s radar after the discovery of 312,000 litres of illicit liquor and 21 million fake Kenya Revenue Authority stamps at an industry linked to him.

Africa Spirit Limited which was raided by police is only a small part of Kariuki’s multi-billion empire under the name Janus Continental Group, a holding company.

Kariuki ventured into the Wines and Spirits business while he was in his late 20s.

He engaged in the business of distributorship of the alcohol products through Wines of the World Limited as the distributor for Jack Daniels, Bacardi and the Edrington Group with premium brands that included The Macallan, The Famous Grouse, and Brugal rum.

Among other investments, Janus company owns a five-star hotel, the luxurious Mt Kenya Safari Club, a retreat to famous Hollywood stars such as William Holden.