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Fraud

Another DP Ruto Ally Hung to Dry Over Looting Sh5.8 Billion in 7 years

The State has filed documents in court that show how Mathira Member of Parliament Rigathi Gachagua irregularly received Sh5.8 billion, in funds from companies or business entities providing services to ministries, state agencies, and county governments in his private accounts in seven years.

This would mean that the lawmaker was making an average of Sh2.3 million a day. The court has now frozen his accounts at Rafiki Micro Finance bank for a period of 90 days, the accounts hold about Sh200 million.

Hon Gachgua has three accounts at Rafiki Microfinance Bank under his name. A firm by the name Wamunyoro Investment associated with him also has two accounts while the third is Technical Supplies and Services Kenya Limited.

Following the recent case where Hon John Waluke was found guilty of fraud for an estimated 300million, Gachagua who is accused of looting an amount 20 times, the 300 million would face a 1,340 years sentence
or an alternative Sh20 billion shillings fine.

The MP who is a close ally to Deputy President William Ruto had also in May this year seen Milimani Court Senior Resident Magistrate Muthoni Nzibe bar him and five of his companies from transacting with the accounts at Rafiki Microfinance Bank for seven days in order to facilitate the Assets Recovery Agency (ARA) to probe money laundering and graft claims against the lawmaker.

The ARA had claimed that Mr. Gachagua and Jenne Enterprises Limited were involved in a suspected complex scheme of money laundering.

“The funds emanated from the Ministry of Lands (Kenya Informal Settlements Programme), State Department for Special Planning, Ministry of Health, Bungoma County government, Mathira Constituency Development Fund, Nyeri County government and the National Irrigation Board. Justice John Onyiego of the Anti-Corruption Division of the High Court stopped the MP and Jenne Enterprises from dealing with or transferring the funds. The funds at Rafiki Micro Finance Bank are held in three accounts, with one holding Sh. 165 million, a second account holds Sh. 35 million while the other holds Sh. 773,228. All the three are registered in the name of MP Rigathi Gachagua. A fourth account, holding Sh. 1,138,142, is registered in the name of Jenne Enterprises,” a report on one of the local dailies had read.

 

 

 


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