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EACC Catches KETRACO Manager Pants Down

The ethics and anti-corruption commission has caught a KETRACCO manager pants down, in a legal war that has shed light on corruption at  KETRACO, a parastatal company that serves as the Transmission System Operator in Kenya.

The manager, Peter Maina Njehia has had Sh58 million in his bank account frozen by Justice Esther N. Maina.

The court has blocked Njehia from transferring or withdrawing money including Sh13, 557,385. 00 which is being held as share capital at Stima Sacco ltd, Sh11, 913,750.00 being held as a deposit at Alpa, Stima Sacco, Sh10 million held in the shares account among others held in the name of Peter Njehia.

The Commission is currently investigating Njehia’s close family members, including his spouse Julie Hellen Matu together with companies and properties associated with them and who are suspected that Njehia could have channelled proceeds of corruption to their bank, SACCO and investment accounts and the Commission shall be filing an application seeking to freeze their accounts and properties in due course.

Mr. Fernandes Barasa, Ketraco MD and CEO

The application was made by the Ethics and Anti-corruption Commission.

This happens as the electricity transmission company makes the news for losing taxpayers money. 

There’s a clear indication that Fernandes Barasa, the corrupt Ketraco CEO has used his position to amass wealth through extra-legal means and he is laundering those proceeds of crime in his Foundation but interestingly, EACC seems not to touch him.

 


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