Kandon Technologies, a Nigerian tech company, has been cleared of money laundering and card fraud allegations laid against it by Kenyan authorities earlier in July.
The ARA linked Kandon Technologies to seven other Nigerian firms—Flutterwave Ltd, Elivalat Fintech Ltd, Hupesi Solutions, Adguru Technology Limited, Boxtrip Travels and Tours, Bagtrip Travels Ltd, Cruz Ride Auto Ltd; and a Kenyan businessman, Simon Karanja—whose combined 56 bank accounts holding over $59.2 million (Sh6 billion) were frozen in July over similar allegations.
Kenya’s National Police Service investigation arm, the Directorate of Criminal Investigation 11 revealed that the allegations leveled at Kandon technologies were not established.