How Gichuru escaped with Kenya Power millions

The arrest of senior officials of Kenya Power – and their subsequent indictment – is the most spectacular in the history of the company that was recently announced to all

This occurs when the Attorney General's (AG) office is still slow on a corruption scandal involving a former Kenya Power chief executive, Samuel Gichuru, who is wanted in Jersey to deal with money laundering charges Minister Chris Okemo

The two allegedly diverted more than 520 million shillings to Jersey tax havens

They received bribes from foreign companies in Kenya Power had former Attorney General Amos Wako and the territorial battles between the GA office and that of the prosecutor who had to extradite the two men saw the court order the AG to revive the proceedings. ssus.

The hidden booty was a loan for a nonexistent hydroelectric plant of Ewaso Nyiro, which Kenyans will continue to repay until 2020.

Part of this loan would have been diverted to M's account Gichuru on Jersey as a bribe.

A Jersey court had clarified how Mr. Gichuru and Mr. Okemo were concealing the spoils of phantom energy projects, revealing a complex network of foreign companies who were openly paying bribes to Jersey's accounts belonging to both.

Foreign companies, besides locals, were readily willing to pay bribes to access Kenya Power's lucrative tender offers and contracts.

Already, the Jersey government seized 520 million Shoots in Kenya after Mr. Gichuru's company, Windward Trading Company.

This is the scandal of Ewaso Nyiro's electric dam that prompted the British government to begin investigating the duo after the case was raised in the House of Commons in 2001. [1] 9659004] While three dams were to be built in 2007 at a cost of 350 million dollars (35 billion shillings), the initial feasibility study, attributed to the British company Knight Piésold, cost "Five times what would normally cost these services". In order to facilitate bribes at Mr. Gichuru's Windward Trading Company, Ken Power paid Knight Piésold $ 1.5 billion in advance, even though the dam was not to be launched in 10 years. .

Finally, it was never built, leaving Kenyan taxpayers to pay a loan for a nonexistent project.

For feasibility studies, Knight Piésold published 14 reports between 1991 and 1993, each report costing an average of $ 2.7 million.

This means that the feasibility study alone cost 3.8 billion Kenyan shillings.

This project was supported by the UK Export Credit Guarantee Department (ECGD), which supports British companies in seeking and winning tenders abroad

]. the Moi government – which was to help finance the contract between Kenya Power and Knight Piésold.

This money was later diverted to Jersey Islands where Gichuru opened secret accounts in 1986 with the help of Deloitte & Touche, a Jersey accounting firm.

It was after the British company was put under pressure from the House of Commons that Knight Piésold's officials turned against Gichuru and the electricity company.

They said, "It was impossible to do work in Kenya without paying commission to important political figures, it was like a tax." One person we paid was Samuel (Gichuru), Said Peter Garrat, an official of Knight Piésold in the Gichuru extradition documents.

Knight Piésold paid such commissions to various people.

Court records show that on different dates between 1986 and 2002, Windward received payments of $ 5.4 million (540 million shillings), 5.3 million pounds, 4.4 Millions of pounds, $ 3.3 million and 6.8 million Danish kroner contracted by KPLC. ] window.fbAsyncInit = function () {FB.init ({appId: "174023979648743", xfbml :! 0, version: "v2.5")}; (function (d, s, id) {var js, fjs = d.getElementsByTagName (s) [0]; if (d.getElementById (id)) {return} js = d.createElement (s); js.id = id; js.src = "http: //connect.facebook .net / en_US / sdk.js"; fjs.parentNode.insertBefore (js, fjs)} (document, script, & # 39 ;, & # 39; ; facebook-jssdk & # 39;)); [ad_2]
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