Broke Italian Company Vanishes after Pocketing Sh15 Billion from Kenya Gov't
An Italian company accused of bribing some Kenyan Cabinet Secretaries in order to win lucrative government tenders has gone missing after pocketing Sh15 billion.
The Standard reports that the firm identified as Co-operativa Muratoi Cementisti Di Ravenna (CMC Ravenna) has abandoned three mega projects it was undertaking in the country after pocketing a whopping Sh15 billion down payment.
The company, which has allegedly been declared bankrupt in Rome, had won contracts for construction of mega dams in Nakuru and Elgeyo Marakwet Counties.
The two projects, Itare Dam in Kuresoi, Nakuru and Arrow Dam in Elgeyo Marakwet have seen little progress since the contract was signed a few years ago.
A week ago, CMC Ravenna was reportedly kicked out of two projects it had been contracted to undertake in Nepal in 2018.
The company's officials are reported to have flown out of the country to address the financial woes facing the company.
With the firm facing a financial crisis and having received a good share of the funds set aside for the projects, there are fears it might not return to Kenya to undertake the projects.
The government could be forced to re-award the contracts to other companies, meaning taxpayers have to dig deep into their pockets.
At least three Cabinet Secretaries are being investigated for allegedly receiving kickbacks from contractors engaged in mega projects in the country.
The CSs allegedly received bribes worth millions of shillings in Rome, Italy.
They are said to have traveled to Italy alongside other government officials to receive kickbacks from contractors in order to give them State tenders.
In exchange, the CSs are reported to have colluded with procurement officials to award the foreign firms contractors worth more than Sh7 billion.
Directors of the Italian company were summoned by the Directorate of Criminal Investigations (DCI) and have recorded statements over the allegations.
“Some of the things they [foreign firms] do in Kenya they can’t do in their own countries,” Director of Public Prosecutions (DPP) Noordin Haji is quoted by The Standard.
Comments
Loooool ... kenyans are…
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Loooool ... kenyans are literally been screwed from behind by their own govt without lube or even siliva .. bend over, shut up and take it you stupid filthy idiot
List the 3 CS. Italians are…
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List the 3 CS. Italians are crooks who doesn't know that.
It's hard to believe the boy…
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It's hard to believe the boy in statehouse is this incompetent. He was literally picked from his mothers lap and made president. What a shame. Chinese, Italians, Russians. Everyone is coming to get their share of Kenya while he engages in theatrics and gimmicks.
No no no not again Mr…
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No no no not again Mr. President! your people ignored all diligence, flouted all sound procedures and paid 75% for thin air? What background checks did they perform on the credibility of these companies. The other day you were questioning one of your CS on why multiple projects are initiated before older ones are even quarter way? Others are being commissioned even before they are halfway? why? Now it is clear, they are hoodwinking you and the public so that they can cover their tracks in these kinds of scandals and corrupt deals. It is unbelievable how close to power the rampant looting is. Kwelli kikulacho ki nguoni mwako. Now what? now what that jubilee bigwigs are suspects in these mess? when those accountable for the taxpayers money are involved, how healthy is the balance sheet? could someone be cooking books to keep the public confidence? It looks like we are in a bubble that may burst any time soon. Is 2022 political uncertainty a factor in this brazen thievery?
Well personally am not yet a…
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Well personally am not yet a big fool to believe anything which is written by this paper.I will wait n save my comment for later juu this paper manytimes it brainwashes kenyans by written nonsense.
Well..as you reserve your…
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Well..as you reserve your comments; remember there is no project under Kenyatta that is not scandalous. Under Kenyatta its either the promised projects never took off, they were done haphazardly and at inflated budgets like the SGR. Kenyatta had no idea of how gov is run, that should have been his training in the first place. All he had in mind was to go to state house and defeat the ICC. He did it. Kenyans knew it...everybody warned them..so they shouldn't complain.
LOL shut up, bend over, and…
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LOL shut up, bend over, and take it in the ass Kenya, if it's still tight enough after bending over for China
hehehehe we the real kenyans…
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hehehehe we the real kenyans still prefer china than the bootlicking british or usa who was with us for 50 yrs n all we see is poverty levels going high,diseases trippling,no roads no railways,only foreign Aid,Aid.Now we know beta having chinese for over 10 years wr very far in development n wr still going to continue going the china way.Bravo bravo to chinese loans.
Now its out in the open that…
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Now its out in the open that Uhuru Administration has no accountability department whatsoever!
There's no way public funds are issued out and while no follow up is done on a regularly bases.
Unless otherwise the top leader is indirectly involved in the deal.
So Uhuru enough is enough with your broken leadership ability is time to not even walk the talk but to step down for the sake of Kenya.
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