IMF Unsatisfied With Kemsa Scam Investigations As Ot Emerges That Additional Sh17B Missing
The International Monetary Fund (IMF) has demanded a fresh audit of Covid-19 spending even as a new report shows Sh17 billion worth of stocks at...
Category : Corruption
How Resolution Insurance Founder Peter Nduati Scammed Linkham To The Tune Of Sh4.3B
UK private equity fund Leapfrog, which bought Resolution Insurance in 2014 for Sh1.7 billion, suffered a further loss of Sh346.5 million when it tried to...
MozzartBet Appeals To Court To Overturn Decision On Freezing Sh300M They Were Caught Laundering
Betting firm MozzartBet has returned to court seeking to reverse the forfeiture of Sh302 million to the State after the money was declared proceeds of...
UBA Bank, Equity On Interpol Probe After Being Engulfed In Sh25B Money Laundering Scheme
Equity Bank Group and United Bank for Africa (UBA) Kenya are on the spot over a string of cash transfers from Nigeria and Hong Kong...
Energy CS Monica Juma Used Obsolete Law To Recruit REREC Directors
Energy Cabinet Secretary Monica Juma is on the spot for using an obsolete law to hire six directors at the Rural Electrification and Energy Corporation...
Court Stops Sh2.6B Shimoni Fish Pond Tender To SECO
It is a blow for the Southern Engineering Company Limited (SECO) after the High Court in Mombasa temporarily suspended the award of Sh 2.6 billion...
Court Finds MozzartBet Guilty Of Money Laundering, Surrenders Sh300M To State
Betting firm MozzartBet has lost more than Sh300 million after the High Court ruled that the funds, which were frozen two years ago, are proceeds...
Ruto And Nigerians Linked Ro Frozen Sh5.6B At UBA Bank And Equity Bank
Two Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans have been linked to Sh5.6 billion frozen in six bank...
StanChart Admits To Facilitating Theft Of Millions Of Shillings In The NYS Fraud Deal
Standard Chartered Bank Kenya (StanChart) has revealed to American regulators that it opted to pay Sh100 million in exchange for a two-month reprieve from the prosecution...
KeNHA offices turned into battleground as boardroom war rages
The Kenya National Highways Authority (KeNHA) offices at Barabara Plaza Complex in Nairobi have been turned into a battleground as a fierce boardroom war rages...