EACC Arrests Kenyan Billionaire In A Ksh7.6 Billion Oil Scandal
The Ethics and Anti-Corruption Commission (EACC) arrested a Kenyan billionaire involved in a Ksh7.6 billion oil scandal, Mr. Yagnesh Devani.
EACC Spokesperson Eric Ngumbi confirmed that the sleuths conducted an operation at the billionaire’s Nairobi office on Tuesday morning, August 6.
The suspect was then taken to the Milimani Anti-Corruption Court, where he is awaiting arraignment.
The EACC carried out the arrest in response to a directive from the Office of the Director of Public Prosecutions (ODPP).
Kenyan authorities have targeted the billionaire in question after accusing him of being part of a racket involved in an oil corruption scandal.
ARREST OF THE KES.7.6B TRITON OIL SCAM ARCHITECT
— EACC (@EACCKenya) August 6, 2024
The Ethics and Anti-Corruption Commission (EACC) has, this morning, arrested the principal suspect in the Kes.7.6 billion Triton Oil scandal, Mr. Yagnesh Devani.
Devani, who was apprehended from his offices in Nairobi, is… pic.twitter.com/xOIKLjRKup
Earlier this year, the tycoon appeared in court and charged for allegedly stealing jet fuel worth Ksh1.5 billion.
The scandal is said to have occurred more than 20 years ago, in 2007.
Earlier reports suggested that DPP Renson Ingonga had applied to withdraw one case against the tycoon, in which he was charged alongside two other accomplices.
In the application, the ODPP requested permission to pursue the case against the billionaire separately.
During the public trial, the billionaire and four others were charged and acquitted because he could not be tried while out of the country.
Then, earlier this year, he was charged with stealing 318,665 tonnes of jet fuel, but pleaded not guilty and was released on a cash bail of Ksh1 million.
Magistrate Zainab Abdul acquitted the suspect’s co-accused in February when the prosecution failed to provide proof of the charges.
EACC Arrests Kenyan Billionaire In A Ksh7.6 Billion Oil Scandal
