Kenya: Flutterwave Denies Money Laundering and Fraud Allegations Following Accounts Freeze By Kenyan Court

A Flutterwave tweet on July 7, 2022 after the High Court has in Kenya froze assets in bank accounts belonging to the Nigerian start-up and four Kenyans.

Flutterwave has come out to deny the fraud and money laundering claims leveled against it by Kenya's Asset Recovery Agency, which investigates and recovers proceeds of crime.

This is after a total of $52.5 million in 62 accounts linked to Flutterwave and six other companies that are recipients of wire transfers from the fintech were blocked by the country's pinnacle court, after the agency applied to have them frozen.

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