Billionaire Yagnesh Devani has been escorted to Kilimani police station where he will spend the night until Wednesday when he is expected to plead to graft charges about the Triton oil scandal.
Devani was arraigned in court Tuesday following a warrant of arrest issued in 2009.
Milimani Magistrate Thomas Nzyuki declined to grant him bond pending the charges Wednesday.
“In the interest of fair administration of justice, I find it not appropriate to release him on bond especially after he was brought to court with a warrant,” Nzyuki ruled.
Devani is expected to be charged afresh in relation to the Triton case.
The prosecution told the court that they intend to file new charges against Devani so that they don’t interfere with the case of the other accused persons which is at its tail end.
That case has been proceeding but in the absence of Devani.
He was on the run.
The case involved charges of conspiring to defraud a number of petroleum companies by purporting that Triton had diesel ready for sale at KPC storage in Kipevu.
With the new developments, the magistrate directed the prosecution to prepare and present the charges against Devani.
His Advocate Kenneth Kiplagat had pleaded with the court to release his client on bond but the State said Devani being a flight risk is a compelling reason to deny him bond.
