Register of Companies now says that the beneficial owner of the 400 million shillings contested tech-firm is Rwandese investor Desire Muhinyuza
In court papers the court has been told that the Busineman has a significant economic interests in the business -Stay Online Limited and is considered a beneficial owner,even if he does not hold the legal tittle to the entity’s shares.
In the case the two businessmen Koome Kirimi and Desire Muhinyuza are fighting over the company.
Koome claims to be the sole owner of Stay Online Limited, Kenya
Desire Muhinyuza has dismissed the claims saying that Kirimi was chosen as SOL’s agent in Kenya because of the difficulty for a foreigner to register a company name in the country.
The hearing of the matter is set to start tomorrow with all parties bringing in witnesses to testify.