Suspects in KPA pension scheme fraud return money - News Summed Up

Suspects in KPA pension scheme fraud return money


By JOSEPH WANGUI More by this AuthorThe trustees of the Kenya Ports Authority pension scheme and a lawyer have returned Sh70 million in an out-of-court settlement deal following a fraudulent land transaction. The Ethics and Anti-corruption Commission (EACC) had been seeking to recover the money from them since June 2017. The commission started the asset recovery proceedings against 11 people and trading companies who it claimed they obtained the Sh70 million from the Kenya Ports Authority Retirement Benefits Scheme. The proceedings were against lawyer Joseph Karanja Kanyi, Cecilia Faith Mango and Michael Kioko Maundu all trading as Kanyi & Company Advocates. It also failed to refund the sum of money after the rescission of the contract.


Source: Daily Nation July 15, 2020 12:34 UTC



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