Corruption Archives - Page 20 of 75

Chinese Companies Controversially Awarded Sh20B Tender To Build Soin-Koru Dam

nairobi-exposedMay 16, 2022May 20, 2022

by nairobi-exposedMay 16, 2022May 20, 20220330

Two Chinese firms have been controversially awarded Sh20 billion tender to build the Soin-Koru multipurpose dam. The National Water Harvesting and Storage Authority (NWHSA) signed...

Corruption

IMF Unsatisfied With Kemsa Scam Investigations As Ot Emerges That Additional Sh17B Missing

nairobi-exposedMay 9, 2022May 9, 2022

by nairobi-exposedMay 9, 2022May 9, 20220304

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...

Corruption Exposed

How Resolution Insurance Founder Peter Nduati Scammed Linkham To The Tune Of Sh4.3B

nairobi-exposedMay 3, 2022May 3, 2022

by nairobi-exposedMay 3, 2022May 3, 20220449

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...

Corruption Courts

MozzartBet Appeals To Court To Overturn Decision On Freezing Sh300M They Were Caught Laundering

nairobi-exposedMay 3, 2022May 3, 2022

by nairobi-exposedMay 3, 2022May 3, 20220330

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...

Corruption

UBA Bank, Equity On Interpol Probe After Being Engulfed In Sh25B Money Laundering Scheme

nairobi-exposedMay 2, 2022May 2, 2022

by nairobi-exposedMay 2, 2022May 2, 20220348

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...

Corruption

Energy CS Monica Juma Used Obsolete Law To Recruit REREC Directors

nairobi-exposedApril 27, 2022April 27, 2022

by nairobi-exposedApril 27, 2022April 27, 20220380

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...

Corruption

Court Stops Sh2.6B Shimoni Fish Pond Tender To SECO

nairobi-exposedApril 14, 2022April 14, 2022

by nairobi-exposedApril 14, 2022April 14, 20220393

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...

Corruption Courts

Court Finds MozzartBet Guilty Of Money Laundering, Surrenders Sh300M To State

nairobi-exposedApril 13, 2022April 13, 2022

by nairobi-exposedApril 13, 2022April 13, 20220421

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...

Corruption

Ruto And Nigerians Linked Ro Frozen Sh5.6B At UBA Bank And Equity Bank

nairobi-exposedApril 6, 2022April 6, 2022

by nairobi-exposedApril 6, 2022April 6, 20220464

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...

Corruption Exposed

StanChart Admits To Facilitating Theft Of Millions Of Shillings In The NYS Fraud Deal

nairobi-exposedMarch 29, 2022March 29, 2022

by nairobi-exposedMarch 29, 2022March 29, 20220382

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...