Former Triton MD Yagnesh Devani Freed on Ksh.5M Bail Amid Concerns of Flight Risk
Former Managing Director of Triton Petroleum Company Limited, Yagnesh Mohanlal Devani, has been granted a Ksh.5 million cash bail after he entered a plea of not guilty to 11 counts of fraud.
Devani, who faces charges representing Triton, has the option to provide a Ksh.20 million bond and a matching surety instead of the cash bail.
During his court appearance on Monday, Devani’s lawyer, Mwenda Bata, argued that the bail amount was excessive.
The court indicated that any revision to the bail terms would require Devani to prove his inability to pay the cash bail.
Devani, alleged to have committed the offenses between September 5 and December 8, 2008, is prohibited from leaving the country or contacting prosecution witnesses while on bail.
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The prosecution opposed Devani’s release on bond, citing concerns that he might flee, given his status as a fugitive in the UK since 2009 when an arrest warrant was issued for him.
At that time, Devani contested his extradition from the UK through various legal proceedings and was only extradited this January due to cooperation between Kenya and the UK.
The prosecution argued that allowing Devani to bond could lead to him seeking asylum in a country without extradition agreements with Kenya.
“It was only through bilateral cooperation between Kenya and the UK that the accused was eventually extradited and charged. The prosecution further pointed out that granting bond could lead to the accused seeking asylum in a country without bilateral cooperation with Kenya, making it difficult to proceed with the case,” the ODPP noted.
The accused person however denied all the charges levelled against him and was detained at the Industrial Area Prison.
Former Triton MD Yagnesh Devani Freed on Ksh.5M Bail Amid Concerns of Flight Risk
