Kabras Sugar chairman Jaswant Singh Rai was Sunday released by his abductors.
His lawyer Senior Counsel Kioko Kilukumi has confirmed Rai was released on Sunday evening.
He said the businessman was shaken but fine and back with his family. He is yet to reveal who his abductors were.
The billionaire went missing when his Toyota Landcruiser B8 was blocked at the junction of Wood Avenue in Kilimani opposite Kenwood Apartments at around 4pm by persons driving a grey double-cab pick-up.
CCTV footage of the abduction shows four men getting out of the pick-up and forcibly pulling the occupants of the billionaire’s car into their vehicle before speeding off towards Galana Road.
Rai’s car was left idling on the road.
Later, officers at Kilimani Police Station received reports of an abandoned vehicle and towed it to the station, unoccupied and with only a minor scratch on the front right side where the pick-up had made contact.
The billionaire owns of Raiply, Kabras Sugar and Uganda based Sarrai Group.
A missing person report was filed at Kilimani Police Station, Nairobi. The family reported a case of missing person vide OB No 21/26/08/2023. His daughter made the report on Saturday.
Police say they are yet to know those behind the incident and the motive. Sources have however linked it to a business rivalry in the sugar industry.
Kilimani police commander Moss Ndiwa said they were informed by a member of the public on Friday that a vehicle had been left abandoned by the roadside in the area.
“This forced traffic police officers towed the vehicle to the police station,” he said.
Police said no contact had been made to the family so far from the suspected kidnappers.
No demand for ransom has been made so far, according to the investigators.
The businessman had last month obtained an order to stop a police probe into his business deals and in particular Mumias Sugar Company.
