Return of Sportpesa in Kenyan market could remain just a dream on paper if the current fallout between Kenyan shareholders is anything to go by.
The three bosses from Kenya Ronald Karauri, Asenath Maina and Paul Wanderi are now accusing each other of transferring a sum of sh 29 billion to oversee accounts without consultations.
This is after the giant money mining gambling site was re-regestered for the second time in the country.
Being an international venture with a few partnership locally, Karauri allegedly registered it under the new ‘Milestone’ with reports of having bounced back to the market flying in the air since last week.
It has now emerged that CEO Karauri Ronald, came up with an idea of registering the venture a fresh against the wishes of other local partners creating a bad blood that has since cost the return of Sportpesa.
In their quick rejoinder, Asenath Maina and Paul Wanderi both who have a 38 percent shareholding took to court to accuse Mr. Karauri of sabotage. They claim Mr. Karauri had taken a lot of their money to oversees accounts.
It is argued that the money which remained in Sportpesa betting accounts when it shut down, could not be returned to innocent bettors hence ferried abroad against the knowledge of some directors.
The matter is currently under investigation by the Directorate of Criminal Investigations DCI.