Investigations
Standard Chartered Bank Linked To Money Laundering On The Arror And Kamwarer Dams Saga
Standard Chartered Bank limited are the latest company to be linked with Arror and Kimwarer Dam scandal. The bank has been linked with holding over sh734.5 million suspected to be related to the scandal. The money has since been frozen by a Nairobi court.
The money which belongs to Stanlib Wealth Amanah Property Limited is under investigations by the DCI for money laundering. The owners of the company have not been arrested or charged in court.
According to court documents the account holders made application to the bank to transfer the sh734.5 Million to Azepco general trading company limited in Dubai a company that is suspected to be linked to the Dam scandalon 24th July.
It’s suspected that Azepco General trading company also received 5.8 Million Euros from an Italian firm CMC DI Ravenna suspected to be deeply involved in the Dam scam.
The bank becomes the latest to be linked with the multibillion-shilling Kimwarer and Arror dams’ scandalwhich the Treasury CS Henry Rotich and his PS Kamau Thugge and other 24 government officials have also been charged with over 24 charges among them abuse of office and conspiracy to defraud.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
Activists Rush to Court to Stop Ruto’s Rironi–Nakuru–Mau Summit Road Project Hours After Launch
Luo Council of Elders Inducts Nine New Eminent Leaders
Man Freed After Telling Court He Picked Wrong Bag With Bhang on His First Day in Nairobi
Farouk Says He’ll Help Panyako Get a Government Job If He Joins Hands With Ndakwa
Wantam, Kasongo Slogans Will Not Make United Opposition Win In 2027 As Proven in the By Elections: Change or Perish
State To Deny Ad Revenue To Media Houses Criticising Government, Kabogo Warns
Ruto Launches ‘Game-Changer’ Sh170 Billion Rironi–Mau Summit Dualling
Guinea-Bissau President Flees To Senegal After Coup
Tanzania To The EU: We Will Not Starve
TSC Announces Major Policy Shift To End Transfer Of Promoted Teachers
Kenyan Driver Hospitalized After Dubai Assault for Rejecting Gay Advances, Passport Seized as Authorities Remain Silent
Kakuzi Investors Face Massive Loss as Land Commission Drops Bombshell Order to Surrender Quarter of Productive Estate
SAFARICOM’S M-SHWARI MELTDOWN: TERRIFIED KENYANS FLEE AS BILLIONS VANISH INTO DIGITAL BLACK HOLE
INSIDER LEAK REVEALS ROT AT KWS TOP EXECUTIVES
LANDLORD FROM HELL: Daniel Agili Ojijo’s Empire of Evictions, Unpaid Wages, and Sham Auctions Leaves Trail of Terrorized Tenants
Construction Of Stalled Yaya Center Block Resumes After More Than 3 Decades and The Concrete Story Behind It
How A Fake Firm Was Awarded A Sh230 Million Tender By Kiambu County
Lloyd Masika Probed for Fraud as Stanbic Bank Exposed for Incompetence in Due Diligence
CNN Reveals Massive Killings, Secret Graves In Tanzania and Coverup By the Govt
Mistreatment and Gross Misconduct: Thika Cloth Mills Accused of Bribing Labour Ministry Officials to Muzzle Workers’ Revolt
-
News3 days agoKenyan Driver Hospitalized After Dubai Assault for Rejecting Gay Advances, Passport Seized as Authorities Remain Silent
-
Business1 week agoKakuzi Investors Face Massive Loss as Land Commission Drops Bombshell Order to Surrender Quarter of Productive Estate
-
Investigations1 week agoINSIDER LEAK REVEALS ROT AT KWS TOP EXECUTIVES
-
Business3 days agoConstruction Of Stalled Yaya Center Block Resumes After More Than 3 Decades and The Concrete Story Behind It
-
Investigations1 week agoCNN Reveals Massive Killings, Secret Graves In Tanzania and Coverup By the Govt
-
Business1 week agoBANKS BETRAYAL: How Equity Bank Allegedly Helped Thieves Loot Sh10 Million From Family’s Savings in Lightning Fast Court Scam
-
Investigations5 days agoHow Somali Money From Minnesota Fraud Ended In Funding Nairobi Real Estate Boom, Al Shabaab Attracting Trump’s Wrath
-
News1 week agoEXPOSED: How Tycoon Munga, State Officials, Chinese Firm Stalled A Sh3.9 Trillion Coal Treasure In Kitui