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Ex Minister Okemo, Gichuru lose KES 520M hidden in foreign accounts

26 February 2016, 19:25

Nairobi - Former Kenya Power boss Samuel Gichuru and former Nambale MP Chris Okemo have lost the money they stashed in Jersey Island after authorities there confiscated it.

In a report on the Daily Nation, deciding on a case launched two weeks ago by the island’s Attorney-General, the Royal Court of Jersey ordered the seizure of about KES 520 million in the offshore account belonging to Windward Trading Ltd after the company pleaded guilty to four counts of money laundering.

The company, according to court records, admitted to laundering proceeds of crime between July 29, 1999 and October 19, 2001.

Windward was created in the 1980s by Mr Gichuru to receive kickbacks for the award of tenders to foreign firms during his tenure at Kenya Power. The funds were usually disguised as consultancy fees or commissions charged the companies.

Read alsoRuto denies man named in NYS scandal is his brother

Capital News further reported that the Royal Court of Jersey made the confiscation order of £3,281,897.40 (KES 467,456,138.41) and US$540,330.69 (KES 54,961,259.83) on Wednesday and subsequently confiscated the cash which was held in the offshore account of Windward Trading Limited.

Jersey’s Attorney General Robert MacRae said the move effectively stripped the company of all its assets, leaving his office to focus on the ongoing effort to bring Gichuru and former Energy Cabinet Minister Chris Okemo to justice.

He stated that the corrupt activities took place in Kenya where Windward’s beneficial owner, Gichuru is resident and that during the period, he was also the Chief Executive Officer of KPLC.

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- News24


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