Khalif Kairo has disclosed that his WeFounder account, which was valued millions of shillings, has been closed. In a statement released on Wednesday morning, Kairo stated that the account contained more than Ksh12.9 million (USD100,000).
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Khalif Kairo WeFounder account
Kairo explained the incident by citing a number of continuing legal issues he is currently dealing with, the most recent of which being a matter at the Nairobi-based High Court of Kenya, Milimani Division.
”I am currently in Milimani Law Courts and will be presented for plea-taking shortly. Due to these legal issues, our WeFunder campaign account was shut down last night after crossing the USD 100,000 (Ksh12.9 million) mark,” he said.
The car dealer launched the WeFunder campaign account on Monday of this week, and it was around twenty-four hours old before it was closed.
Kairo explains his innocence
Kairo spent a large portion of the last few days of last year and the first few days of this year defending himself in court. He has been involved in multiple legal battles over unsuccessful business dealings involving the selling of cars.
He continues to claim his innocence in the face of the charges, nevertheless, and insists that the growing court proceedings are the result of unrelated financial problems.
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The vehicle dealer claims that his offices have been closed as a result of the ongoing cases that have damaged his brand.
”We have tried everything in our ability to try to resolve these issues amicably and ensure we do deliveries but the negative media publicity and constant police involvement are putting us in deeper waters and severely affecting our ability to operate. All our offices are currently closed,” the car dealer explained.
”I have had an impressive ten-year run in business with zero criminal cases pertaining to cars and thousands of people have successfully bought cars from me,” Kairo added.
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