Together with his spouse Grace Wamuyu Mathenge, they received Sh23 Million from Dubai bank being FX proceeds that were not received by KQ,” the auditors said in their recommendations. KQ earns revenues in dozens of currencies, meaning that repatriation of the revenues is a critical role. Auditors found that Dubai Bank, selected by Githinji to help the airline bring home its foreign earnings, had not remitted Sh72 million. Githinji was paid Sh1 million by African Energy Limited which the auditors found to be proceeds of the foreign currency transactions between KQ and Dubai bank. “Civil and criminal proceedings against... Itegi Githinji for using his position in KQ to defraud the company.

Source: Standard Digital June 04, 2016 21:11 UTC