Sharp Daily
No Result
View All Result
Tuesday, July 1, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

EACC Freezes KSh. 216 Million belonging To KETRACO Manager

Domenic Ntoogo by Domenic Ntoogo
November 27, 2022
in News
Reading Time: 1 min read
KETRACO

The Ethics and Anti-Corruption Commission (EACC) has been granted orders by the High Court to freeze assets worth Ksh. 216 million belonging to a senior KETRACO manager.

EACC alleges that the manager, Peter Maina Njehia, was unable to explain the sources of his wealth, hence the move to freeze the assets in the form of money and property.

The property owned by Maina includes 35 parcels of land worth Ksh. 88.9 million, nine motor vehicles valued at Ksh. 21.6 million and Ksh.76.4 in bank deposits.

Other belongings that were recovered include MPESA accounts (Ksh.15 million), cash (Ksh.1 million), investments in SACCOs (Ksh.73.8 million), investments in FEP holdings (Ksh. 1 billion) and Ksh. 171, 391 worth of shares in listed companies.

RELATEDPOSTS

High court issues conservatory orders on energy deal with Adani

October 25, 2024

Kenya signs KES 95.68 billion deal with Adani for power transmission overhaul

October 14, 2024

According to papers tabled in court by the EACC, Maina’s legitimate income since January 2021 include a net salary of Ksh.35.7 million, Ksh. 4.4 million per diems and Ksh237 million in disproportionate income.

Maina’s accomplice Juliet Hellen was also reported to own Ksh.15 million in M-Pesa accounts which the high court ordered for freezing too.

KETRACO has been at the center of corruption accusations, with former CEO and current Kakamega governor Fernandes Barasa being grilled earlier this month.

Barasa allegedly oversaw irregular payments of money to some companies in the form of penalties which EACC says may have caused the taxpayers about Ksh. 18 billion.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Business Owners In A Hurry To Install ETRS Ahead  Of Deadline

Next Post

Former CS Amina Mohammed To Lead Commonwealth Observer Mission To Dominica

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025

LATEST STORIES

Private vs Public Pension Funds in Kenya

June 30, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025

Opinion: Populism feeds votes, not growth

June 27, 2025

Competitive advantages of small businesses

June 26, 2025

Opinion: Invest in sports for national prosperity

June 26, 2025

Ethiopia’s access to Eritrean ports is a game-changer for trade

June 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024