Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi


Standard Chartered Bank Ordered To Produce Statements In Ksh827 Million KPC Scandal –


Nairobi Chief Magistrate Douglas Ogoti has ordered the Standard Chartered Bank to produce bank statements showing the transactions between Kenya Pipeline Company (KPC), the bank, and Tripple A Capital in Ksh827 million graft case.

This is after prosecution witness said bank records produced in court had been destroyed, prompting the magistrate to summon bank officials in court.

According to the witness, the statements were destroyed by the bank after the defence opposed the use of photocopies, saying it will only accept original copies.

Read: Gov’t Appoints Four Officials To Oversee Liquidation Of Kenya’s Largest Coffee Dealer, KPCU

Former KPC managing director Shem Ochuodho, former chairman Maurice Dantas and a director of Tripple A are accused of defrauding KPC Ksh827 million.

The three, according to a court ruling, hoodwinked the attorney-general’s office, Finance and Energy ministries into approving a refinancing deal with Tripple A that led to the loss of the millions between May 2003 and June 2004.

Dr Ochuodho, who was sacked from KPC in December 2004.

Email your news TIPS to [email protected] or WhatsApp +254708677607. You can also find us on Telegram through


Source link

Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.



Click to comment


You May Also Like


*Editor’s Note: This open letter to Safaricom has been published as received. No redactions have taken place to avoid legal issues pending a court...


This is an intervention for Victoria Rubadiri so as to help her revert back to factory settings. We notice your slow drift away into...


Caption : Edwin Kigen Who was Murdered in Madaraka Estate. We demand for answers from Boinnet ! Another young man may have been brutally assaulted and...


CAPTION: Reformed street-urchins like this lot are dominating the airwaves and being allowed to spread the disease of anti-intellectualism.  As you may have all...

Copyright © 2020 Cyprian Is Nyakundi.