Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Kenyan pipeline, health insurance fund officials charged over graft

Published 12/10/2018, 06:11 AM
Updated 12/10/2018, 06:15 AM
Kenyan pipeline, health insurance fund officials charged over graft

NAIROBI (Reuters) - A Kenyan court on Monday charged senior officials from the state-run oil pipeline and others from the state health insurance fund for abuse of office and economic crimes that led to the loss of billions of shillings from the two institutions.

Dozens of Kenyan government officials and business people have appeared in court since May on charges relating to the alleged theft of hundreds of millions of shillings from public coffers in a new drive to tackle widespread graft.

Joe Sang, the managing director of Kenya Pipeline Company, and five of his colleagues were charged with abuse of office in connection with the loss of funds in the construction of a fuel jetty in western Kenya worth 1.96 billion shillings ($19 million), a figure that exceeded the original budget.

Geoffrey Mwangi, the chief executive officer of the National Health Insurance Fund, his predecessor and 16 other officials were also charged with abuse of office an irregular award and extension of a contract in which 1.1 billion shillings was lost.

They all pleaded not guilty to the charges.

"The charges are generic but not serious," Ahmednasir Abdullahi, lawyer representing the Kenya Pipeline officials, said in court.

"I have instructions to apply for bail and accused should be admitted to reasonable bail terms."

A payments processing company and two of its directors were also charged over receiving the funds that were allegedly lost at the state health insurance fund.

They also pleaded not guilty.

President Uhuru Kenyatta pledged to stamp out graft when he was first elected in 2013, but critics say he has been slow to pursue top officials. No high profile convictions have occurred since he took office.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.