Sunday, July 14

Tag: Kenya Revenue Authority (KRA)

Exposed: HelaBet Faces Liquidation Over Sh55 Million Debt to UK Software Developer
Investigations

Exposed: HelaBet Faces Liquidation Over Sh55 Million Debt to UK Software Developer

HelaBet Faces Liquidation Over Sh55 Million Debt to UK Software Developer Betting firm Cheza Gaming Ltd, trading as HelaBet, is on the verge of collapse after a UK-based software development company filed a petition to have it liquidated over a Sh55 million bad debt. The software company, Khubi Solutions Limited, claims that HelaBet has failed to pay for the design of its gaming platform since October 2021, despite a court order to do so. HelaBet is also accused of mismanagement by its directors Barney Barrow and Edward Ndirangu, who have allegedly been siphoning money out of the country and evading tax obligations.   The two have reportedly fled the country and are currently on the run from the law. The betting firm currently faces a myriad of complaints from its cust...