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A court battle has erupted between the Asset Recovery Agency (ARA), Directorate of Criminal Investigations (DCI) and a couple over more than Sh200 million claimed to have been siphoned from the US Federal Student Aid Programme.
The agencies moved to the magistrate’s court seeking to block Michael Machimbo and Glory Kithure from withdrawing or transacting on a Binance cryptocurrency account.
They also obtained orders in relation to their two vehicles and a property in Kajiado County, arguing that they are investigating the source of the money.
In total, ARA managed to immobilise 20 accounts, including Machimbo and Kithure’s bank accounts, Binance and mobile money.
