The Director of Public Prosecution(DPP) has terminated Kes 7.5 billion criminal case facing businessman tycoon Yagnesh Devani under section 87(A) of the criminal procedure code (CBC).
The court was informed that the prosecution did not have witnesses and documentary evidence to support their case.
The criminal case against Devani was registered in 2008 when the businessman took refuge in the United Kingdom.
The DPP, by then, applied for extradition orders, which the Chief Magistrate’s court consequently issued
The businessman stayed in the UK for the past 13 years, seeking to set aside the extradition order issued by the Kenyan court.
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However, he lost the case and was ordered to return to Kenya.
Devani was charged earlier this year for obtaining ksh 7.5 billion from companies trading in fuel.
He said to have used his company trading as a triton limited.
After taking the plea, the trial magistrate, Thomas Nzyoki, ordered him to deposit a cash bail of Kes 500,000 million plus two contact persons.
He was also ordered to deposit his passport in court.
Upon withdrawal of the case, the court ordered the cash bail and the passport be returned to him.