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Investigations

Dear DPP Noordin Why Is Kenya Pipeline MD Joe Sang A Free Man With Looting Evidences

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KPC MD Joe Sang addressing a press conference

Nobody can stop reggae when it comes to the new DJ in town, DPP Haji but it seems somebody can reduce the volume. We’ve seen parastatals chiefs arrested and arraigned in courts over corruption scandals and consequently bundled out of office.

Kenya Pipeline’s top management led by MD Ken Tarus whom were engaged in lightening embezzlement of public funds and abuse of office, were all arrested and sent home. It was the last large scale arrest that did not only restore hopes in the ODPP but gave a relief to the public who’re the victims of corporate exploitation.

Billions have been siphoned out of Kenya Pipeline and scams endlessly exposed. This site has been consistent together with other publications in highlighting the high scale siphoning and loofingbof public funds at the KPC offices.

KPC MD Joe Sang who’s a relative to the Energy CS and who’s appointment has been challenged with petitioners saying it wasn’t procedural and out of nepotism, is a man in focus not only over his overnight wealth acquisition but his network within the company that has now been losing billions to the cartels.

According to an intelligence report KPC MD Joe Sang-Nephew Hillary Langat 0722957996 is the lead money collector for KPC MD whose phone contacts can be traced to all KPC supplier who have been paid or awarded contracts.

He’s net worth is over a billion under KIMBELL INVESTMENTS Limited and LENKIM SERVICES LTD he hold the property on behalf of KPC MD JOE SANG

It doesn’t make any logical sense why the DPP is taking time and giving more time to KPC crooks to cook and evade their net. Sang continues to slay on tv screens denying corruption allegations in a standard style of all corrupt officials.

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According to our sources both at the DCI and at KPC, detectives had already raided the KPC offices and collected crucial evidences that would’ve been useful in preparing a case.

DCI Kinoti is on record saying the investigations are underway and one wonders why it hasn’t taken the speed of NYS thatbhad suspects rounded up in a short while. The thieves involved in the KPC theft that’s the top management are all known.

A serious lobbying has been going on behind the scenes as we gather from our sources to have the authorities go down on the investigations. Senior politicians both in Goverment and on retirement from Kalenjin, have been lobbying for the MD and tip management mostly the same community, to be spared and from the looks, the talks are paying off. Nothing is being heard of the investigations.

A number of DCI sources had intimated to Kenya Insights a few weeks ago on the completion of investigations and how all the files were ready and forwarded to the ODPP for arrests orders before cold water went over the case.

We’re now urging and reminding the DPP and DCI that we have our eyes on this case and other corruption scandals thriving in the public offices to be taken into full considerations. We want to assume that your competent offices haven’t been swallowed into petty political bargaining to let thieves go free.

It will be high class of double standards to implement the law selectively and go against your words that there are no sacred cows. We also would want EACC not to just watch from the fence but deeply scrutinize the wealth of KPC top bars. A lifestyle audit will unearth major scams in the company.

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Sear Noordin, we want to see the Sangs and mysterious lads in the KPC looting like David Muge aka MR.MD and every single person who’s stolen a cent at Kenya Pipeline, Arrested and arraigned in the courts. We don’t want to see criminal characters running key parastatals as KPC. We therefore demand for arrest and successful prosecution of MD Sang and his henchmen who must immediately be sacked. No sacred cow, you said Mr. Haji, over to you sir. We’re watching. The hashtag is #ArrestJoeSang


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Investigations

Britam Risks Losing Billions As Court Rules In Favor Of Cytonn Over Unsubstantiated Fraud Claims

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Back in 2014 Britam accused four of its former employees of theft of billions of shillings, to the tune of kes. 8 billion, and sought to file criminal complaints about them. Britam said that the theft was discovered after audits done by accounting firm KPMG and law firm Coulson Harney.

The four former employees refuted this claiming that no such theft had happened and wrote to Britam asking them to disclose the said reports to prove their innocence. Britam, however, refused to disclose the audit reports and the four former employees then filed a lawsuit in the high court in 2016 seeking to compel Britam to disclose the audits.

After three years of litigation, the judge ruled and ordered that indeed Britam must disclose the said audit reports if they are relying on them to allege theft by its former employees. Additionally, the judge found Britam’s conduct so unbecoming that it also slapped Britam with the penalty of refunding the accused former staff with the cost of the lawsuit.

Contacted for comment, our source at Britam says that the board is furious with the CEO, Benson Wairegi, why he filed frivolous lawsuits just for the sake of trying to kill competition from former staff. The new investors IFC and Swiss RE are apparently unhappy with Mr. Wairegi and want to see him fired by the end of the year.

The stock has tanked by over 75% since he lost his team to Cytonn and is now trading at below IPO price. Our sources tell us that the new investors, IFC, Swiss Re, and AfricInvest are frustrated because they’re sitting on paper losses, having bought the share price at kshs. 15 and now it is trading at below 9 bob.

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When we contacted a source at Cytonn, she said that “all their games shall come to a sudden and painful end. We are going to go after them for billions of shillings for damages. They are the ones with really big legal issues. The judge was very clear in his ruling. And we can assure you, the so-called forensic audits don’t exist, they have just fixed themselves with their lies”

Sooner or later the market will realize that this is the biggest corporate lie ever perpetrated by a listed company to investors and in plain sight of regulators and international shareholders like IFC and Swiss Re.

Our investigative desk obtains the ruling below.

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Investigations

Shadowy Billionaire Humphrey Kariuki Is On The Run Over Sh3Billion Monthly Tax Evasion And Massive Fraud

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Businessman Humphrey Kariuki.

Kenya’s leading alcoholic spirits manufacturer Africa Spirits Limited (ASL) is on the spot following a raid conducted by DCI and Kenya Revenue Authority officers. The joint raid that was conducted at the company’s factory in Thika was headed by the head of Flying Squad Musa Yego in conjunction with senior officials from KRA.

Investigators from KRA and DCI during the raid seized around 21 million counterfeit excise stamps and 312,000 litres of suspected illicit ethanol with an estimated tax potential of Sh. 3billion monthly at Africa Spirits factory in Thika, in an operation that commenced on 31st January 2019.

Yego said they conducted the raid following a tip-off. He added they were also investigating possibility of production of sub-standard alcohol in the factory. “We have arrested three employees who would be arraigned in court. We are also looking for the owner of the company,” said Yego. Ann Iringu a deputy commissioner at KRA said the raid was geared towards fighting illicit trade. Iringu said they were also investigating to see if the company conforms to taxation laws.

She added they had also confiscated some of KRA stamps.“We will also carry out investigations to ascertain if ethanol that has been confiscated here is illicit and if alcohol production going on in the factory is illegal,” said Ms Ngugi. The KRA official said ongoing investigations which will take about a week will reveal if the company has been evading tax and to what extent. She appealed to KRA officials at the country’s border points to be vigilant in order to ensure no illegal goods get access to the Kenyan market.

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Established in 2004, African Sprit Limited has been instrumental in shaping the local alcohol beverage market, with its brands leading various segments of Brandy, Gin and Vodka.

Some of it products include Legend Gold Brandy, Blue moon Vodka, Blue Moon Vodka flavors (Apple, Mango & Ginger), Gypsy King Gin and The Furaha Range among others.

African Spirit Limited is owned by shadowy Billionaire Humphrey Kariuki who has been implicated in other scandals including drug trafficking even though the courts recently cleared his name of the accusations. Kariuki who co owns empire with Harun Mwau are said to be falling apart after a 40 year partnership.

The two were named in the drug cartel. Amongst their known businesses includes The Hub an upmarket mall in Karen, Mount Kenya Safari Club In Nanyuki, Wines of the world amongst many others that we shall mention in our subsequent series in exposing a long history of fraud including Kariuki’s Involvement in South Sudan war where his oil company was involved in looting the funds and fueling the escalating war.

Last year, the government scuttled Wine of the World Beverages bid to exclusively import and distribute exotic wine and spirit brands from seven international suppliers to avert a monopoly.

In a statement, the Competition Authority of Kenya said the company’s exclusive distributorship agreements with the distributors would have seen it dominate the market and lock out rivals at the expense of consumers.

His roots in South Sudan is so deep that Salva Kirr spends at his opulent Dik Dik Gardens, Kileleshwa home. Kiir In a report by Sentry was named amongst South Sudan’s leaders use the country’s oil wealth to get rich and terrorize civilians.

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Investigations

‪DCI Recommends Charges Against Five Local Banks Over Involvement In The NYS II Heist As DPP Haji Forms Team To Review Files‬

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DPP Noordin Haji.

Trouble looms for banks and officials who were involved in the illegal NYS II transactions a scandal that saw Sh8B embezzled. DPP Noordin has issued a statement on the progress following investigations on the marked banks by the DCI.

DCI investigations as directed by the DPP on the criminal culpability has found five banks liable; Standard Chartered, KCB, Equity,Co-Op bank and DTB all have a case to answer. The banks violated restrictions that govern banks in Kenya by facilitating flow of proceeds from crime and money laundering.

Investigations established that the Standard Chartered Bank received a total of Sh.1,628,902,000 between January 2016 and April 2018 out of which Sh.588,558,000 was suspiciously transacted by bank’ Officials without reporting to the Financial Reporting Center as opposed to the POCAMLA regulations.

KCB according to the investigations had received Sh800M of which Sh148,397,000 was suspiciously transacted by bank officials without sticking to the POCAMLA regulations.

Equity Bank received Sh.886,426,904 and that Sh264,200,000 and USD58,000 was transacted without adherence to the regulations.

Diamond Trust Bank which is currently under prove over involvement in helping Dusit terrorists launder their money for the attack, is in the frying pan as well. Investigations reveal that, the bank had received Sh.164M out of which Sh27,946,298 went without being captured by the regulatory board.

Co-Op Bank received Sh.250M and suspiciously transacted Sh.25M without reporting. DPP has since constituted a team of senior prosecutors who’ll review the files and give recommendations in the next two weeks.

DTB had been fined Sh56 million by CBK while Co-operative Bank will pay Sh20 million. The five banks handled a total of Sh3.5 billion from NYS with StanChart handling the largest transaction worth Sh1.6 billion followed by Equity Bank at Sh886 million, while KCBprocesses Sh639 million. The same banks involved in the NYS I are also the ones being chopped over NYS II. It seems the fines never worked so the punishment this time should even be heavier.

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