Flutterwave, a Nigerian-own tech company, has been cleared of the money laundering charges preferred against it by the Kenya’s Asset Recovery Agency (ARA).
According to Peoples Gazette, Justice, E.N Maina, who is hearing the matter, granted the ARA’s request for termination of the suit on September 7.
Consumertrics is reporting that the Kenyan authorities had claimed in February that Flutterwave used its platform to engage in money laundering schemes and acquisition of proceeds of crime. The agency went on to freeze $56.7million belonging to the tech company.
Flutterwave denied the allegation. The decision of the ARA to drop the charges, based on the outcomes of its investigations, has equally vindicated the company’s claim of innocence.
