Mr Kariuki is said to have used the money to upgrade his lifestyle by buying prime properties for his family and boosting his struggling real estate firm. CASH OUTFLOWSAbout Sh1.5 billion was unlawfully transferred to the accounts of Mr Kariuki’s Gakuyo Real Estate, where he is the managing director and his wife Hannah Wachu a co-director. Advocates, was used in the withdrawal of Sh244million, some of which was used to buy land in favour of Mr Kariuki and his real estate firm. Advocates, although she was not acting for Ekeza but Gakuyo real estate. Lydiah Nyaguthi, an employee of Gakuyo Real Estate and also a board member of Ekeza, was granted a loan of Sh2,800,000, more than 13 times her savings of Sh205,000.

Source: Daily Nation February 26, 2019 04:52 UTC