[ad_1]
Nairobi – The CEO of the monopoly power distributor in Kenya has gone to the authorities investigating allegations of corruption.
The investigation into alleged corruption at the state-owned company inscribed as part of a widespread crackdown ordered by President Uhuru Kenyatta in 2018. [19659002] His Government seeks to improve controls on public funds to help finance the record June budget.
Ken Tarus, CEO of Kenya Power & Lighting, went to the headquarters of the Criminal Investigations Branch on Sunday. It said. He was detained at the Muthaiga Police Station in Nairobi, according to the newspaper.
The office of the director of public prosecutions on Saturday ordered the arrest of several senior executives of Kenya Power after investigating various offers of the company. had previously arrested Ben Chumo, former CEO of Kenya Power, and two other officials "suspected of committing economic crimes," said the bureau.
Tarus, Chumo and nine senior officials of Kenya Power denied more than six charges of economic crimes. The Daily Nation reports on Twitter
that Kenya Power shares fell 0.8% to 6.50 shillings, the lowest in a month. "Expect short-term price shocks because of this news," said Gerald Muriuki, an badyst at Genghis Capital in Nairobi.
The board of directors of the company fired Tarus, based in Nairobi. l & # 39; information. An interim MD would be appointed on Monday, said President Mahboub Maalim in a text message in response to media questions.
Bloomberg
[ad_2]
Source link
