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Investigations

Leaked Intelligence Report Details The Deep Corruption At Kenya Pipeline And How CS Keter Was Bribed With Sh100M, MD Sang Sh35M And A Mr David Muge In The Controversial Zakhem Deal

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KPC MD Joe Sang

As we’ve been saying in past articles, corruption thrives in the energy sector and at Kenya Pipeline, it goes deeper than that. A report has surfaced online labeled top secret terming the depth of corruption at KPC as a threat to national security.

Word reaching us is, the DCI are almost done with their investigations and DPP preparing his files. We’re going to summarize the details on the document for public’s consumption since this a matter of their interest. Billions of taxpayers money has been stolen.

1. KPC Line 5 Project contract sum kshs 48.4 Billion.

The compiled report notes that the procurement process might have been above board and the speed  of financial evaluation was done and award letter given is suspicious. Also the report follows the movements of money overseas and within the country in what they’ve used to piece up and build their case. They also used phone records of the principals and their agents.

Actual Money Lost

➢ Who is Mr David Muge(DM) who signed the commission agency agreement with Zakhem for ksh 6B. A big question in the report is the mysterious man in the middle of this scandal. According to our independent investigations and sources, we’ve placed the man in London and will reveal more explosive info on our subsequent series exposing the KPC crooks.

Key pointers on the report sent to the DCI Kinoti;

➢ Was the money wired from Turkey to UK.
➢ Was the Money wired from US to UK
➢ How did the money end up in Kenya and to which account.

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It then goes further to detail how the theft was executed;

➢ KPC MD Charles Tanui was paid $3M in Dubai and $1M in Kenya through the brother Daniel
Tanui-,MD Mitchellcotts,Abdi –MD-Nandi Tea and the MR Terikin MD Total security

➢ KPC chairman John Ngumi made several contacts with Albert of ZIC he was eventually paid
$1M

➢ CS Charles Ketter on entry to the ministry made several demands to Ibrahim of ZIC and was
silenced with kshs 100M

➢ PS Andrew Kamau also benefitted with kshs 200M from his meeting with Ibrahim of ZIC

➢ PS Andrew Kamau made contacts with ZIC top management in his May –June 2018 trip to
USA he has a confirmation of $2M facilitate the variation payment

➢ PPOA Chair Paul Gicheru has was instrumental in the cover up of the tender award with a
KSHS 10M reward from ZIC

➢ PIC Chair Adan Keynan was paid ksh 29M at zic offices at Spring Valley ZIC residence to
cover PIC member although the money never reached the members forcing ZIC team to make
additional payments direct to PIC members

➢ KPC Board of Directors and Families Faith, Felicity and Charles Tanui – ZIC offered a fully
paid holiday to board and families members in a five star hotel in Dubai in addition to kshs 3M
per member.

➢ Current KPC MD Joe Sang and GM Supply Logistics –Vincent Cheruiyot were paid ksh 35M
through sealing solution ltd, Oilfield engineering and Boiler solutions ltd.

➢ Chief Technical Manager Elias Karumi and project Manager Kiama were paid ksh 80M to
approve design change resulting in a saving of kshs 300M for ZIC.

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➢ Board Technical Chair Marwa was paid Kshs 15 Million to facilitate Design Change.

➢ NCA Fees 0.05% (kshs 200M) of the contract sum was paid to ZIC despite a waiver having
being sought from NCA and relevant government agencies.-The money was shared between
ZIC, KPC board and NCA Director Manduku.

➢ What was the main reason for constant contacts between ZIC and KPC BOD the report questions and that’s something for everyone’s guess.

PERSON ON INTEREST- DIRECT BENEFICIARIES

1) MRDM
2) Charles Tanui
3) John Ngumi
4) Daniel Tanui
5) Abdi
6) Terikin
7) PS –Andrew Kamau
8) CS-Charles Ketter
9) KPC Board Of Directors 10) Adan Keynan
11) ZIC top management 12) Payments to Sealing
Solutions LTD
13) Payments to Boiler Solutions LTD
14) Oilfield Engineering Ltd

15) GM-Procurement
Vincent Cheruiyot 16) Eng Elias Karumi
17) Eng Kiama
18) NCA Daniel Manduku

As we continue with our expose on the grand theft at KPC, we’re also keen to follow the actions that will be taken by the authorities and arrests that shall. E made. Si far, those implicated in the report should have their days in court.


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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.

SKMBT_C364e19032114190


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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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