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Unexplained Assets Worth Ksh.216M Belonging To Senior KETRACO Manager Are Frozen By EACC

EACC freezes unexplained assets worth Ksh.216M belonging to senior <a class=KETRACO manager"/>

The High Court has granted the Ethics and Anti-Corruption Commission (EACC) orders to freeze assets worth more than Ksh. 216 million that belong to a senior employee of the Kenya Electricity Transmission Company Limited (KETRACO).

According to a source close to the State agency, EACC filed a lawsuit after looking into charges of unexplained riches, unethical behavior, bribery, and conflict of interest against Peter Maina Njehia, Senior Manager, Supply Chain at KETRACO.

On November 24, 2022, Lady Justice Esther Maina issued a decision in which she concurred that the commission had made a prima facie case with a likelihood of success that justified the issuance of injunction orders awaiting the hearing and outcome of the forfeiture proceedings.

The assets were listed as follows: the cost of motor vehicles (Ksh. 21,600,000), the value of landed properties (Ksh. 88,910,000), the amount of bank deposits (Ksh. 76,407,232), and cash credited to M-Pesa accounts (Ksh.15,069,420).

Additionally, Ksh. 1,020,000 in cash, Ksh. 73,857,581 in Sacco investment, Ksh. 1,014,000 in FEP holdings, and Ksh. 1,014,000 in ownership in publicly traded firms were found during the search (Ksh.171,391).

His lawful sources of income for the aforementioned time were his net pay (Ksh. 35,764,757.92) and allowances (Ksh. 4,478,098.07), which together amounted to Ksh. 40,242,855.99.

This legal revenue in comparison to total assets resulted in a net asset value disparity of Ksh. 237,806,769.40.The source claims that Mr. Njehia got money from people and organizations who won contracts with KETRACO as a result of EACC investigations.

Content created and supplied by: MsLK (via Opera News )

Ethics High Court KETRACO Kenya Electricity Transmission Peter Maina Njehia


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