How MP Gachagua moved Sh12 billion in just seven years

News & Politics
1

Mbona huyu hafuatwi kama Ngiritas yet he has stolen far much more?

@sani will of course say hii ni political witchhunt against Ruto supporters. He has hidden the money right under your noses in funny fake companies.

[SIZE=7]How MP Gachagua moved Sh12 billion in just seven years[/SIZE]
Tuesday October 13 2020

Assets Recovery Agency investigating Mathira legislator for money laundering.

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By Sam Kiplagat
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IN SUMMARY
[ul]
[li]Before the agency moved in, the MP allegedly withdrew Sh7.3 billion, disbursed it to various companies and invested a portion in some assets.[/li][li]In one of the accounts , the MP allegedly received Sh5.83 billion and withdrew Sh5.831 billion, leaving a balance of Sh773,000.[/li][/ul]

On the list of wealthy industrialists, Mathira MP Rigathi Gachagua hardly features. His billionaire status has been baffling state agencies, which are now seeking to understand how the Mt Kenya politician made his fortune.

The Assets Recovery Agency (ARA) is investigating how Sh12.5 billion passed through Mr Gachagua’s three accounts for seven years and whether money laundering was involved.

Before the agency moved in, the MP allegedly withdrew Sh7.3 billion, disbursed it to various companies and invested a portion in some assets. As a result, the agency could only locate Sh5.2 billion.

The three accounts are being held at Rafiki Micro Finance and ARA has written to the bank seeking clarification on the money trail.
In one of the accounts, the MP allegedly received Sh5.83 billion and withdrew Sh5.831 billion, leaving a balance of Sh773,000.

In the second, a fixed deposit account, he allegedly received a total of Sh827 million and Sh792.9 million left the account, leaving a balance of Sh35 million. It is this money trail that is exciting ARA investigators.

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[SIZE=6]Secure tenders[/SIZE]
Although Mr Gachagua is a director and shareholder of several companies, which he has used to secure tenders from state agencies, parastatals and county governments, ARA says it wants to establish whether he used them to launder money.
Mr Gachagua may, in the interim, lose Sh200 million, which have since been frozen, to the state if an application by ARA goes through.
In the third, also a fixed deposit account, the MP is alleged to have received Sh5.87 billion and Sh705 million was withdrawn, leaving a balance of Sh165 million when the account was frozen in May.

Court documents showed that Mr Gachagua received a total of Sh347 million from several companies, including Sh112 million from Encarta Diagnostics, Sh7.5 million from Wamunyoro Investments, Sh58 million from Rapid Medical Supplies and Sh103 million from Specific Supplies.

[SIZE=6]Business associate[/SIZE]
Some of the money was later transferred to the two fixed deposit accounts while he wired Sh12.9 million to his spouse Dorcas and Sh9 million to Toyota Kenya and Taitan Motolink.
The agency investigated a total of 33 accounts associated with the MP and his companies, including Wamunyoro Investments Ltd, Crystal Kenya Ltd, Machine Centre, Technical Supplies and Services Ltd, Skytop Agencies and Specific Supplies Ltd.
The agency said Mr Gachagua and an associate identified as Anne Kimemia, who traded as Jenne Enterprises, were involved in a complex money laundering scheme in collusion with his companies.
Some of the funds were from Kwale and Bungoma counties, which paid Sh112.4 million to Encarta Diagnostics.

[SIZE=6]Development funds[/SIZE]
Other payments were made from Ministry of Lands (Kenya Informal Settlements Programme), state department for Special Planning, Ministry of Health, Mathira Constituency development funds, Nyeri county government and the National Irrigation Board.
The agency says that on July 15, 2015, Jenne Enterprises received Sh30 million from Rafiki disguised as loan disbursement.
But on the same day, the firm wired Sh28.5 million to Wamunyoro Investment, where Mr Gachagua is a director and shareholder. The documents show Jenne Enterprises also transferred Sh10 million to Wamunyororo Investment on April 3, 2017.
The following day, the same firm wired another Sh5 million to Mr Rigathi’s personal account.

[SIZE=6]Former District Officer[/SIZE]
“There are reasonable grounds to believe that the said accounts received and are holding funds, which are believed to be proceeds of crime and the accounts were used to execute a complex money laundering scheme in an effort designed to conceal, disguise and hide the nature, source, movement and disposition of the funds,” the petition stated.
The agency stated that within the said period, there were massive suspicious cash withdrawals, inter and intra-bank transfers from other accounts to the accounts under investigations and other banks accounts owned by Mr Gachagua in suspicious complex money laundering schemes.
The agency said they received information in March this year of suspected complex money laundering schemes and proceeds of crime.
The agency opened an inquiry and subsequently applied for and was issued with warrants to investigate the accounts.
Further, the documents stated that after being transferred to companies or businesses entities, the funds were ultimately moved to a fixed deposit account, which is the MP’s personal accounts.
A key ally of Deputy President William Ruto, Mr Gachagua is arguably one of the richest MPs in Mt Kenya and follows in the footsteps of his brother, former Nyeri Governor Nderitu Gachagua, who died in February 2017.

A former student leader at the University of Nairobi, he was a close ally of former President Daniel Moi.

As a District Officer in Kiambaa, Mr Gachagua kept the opposition on its toes — if they insulted the President. At one point, Mr Gachagua was Uhuru Kenyatta’s personal assistant when he was the Local Government minister.

2

@Kahuni Maisha like I said in that other thread these guys steal and then squander the looted wealth. By the time the anti corruption agents catch up with him, he has squandered most of the money on failed ventures because he is an idiot and doesn’t know how to handle that kind of money or how to grow and expand that wealth fund.

3

@sani Kiunjuri has also been mentioned. The money came from ministries and counties associated with leaders close to DP Ruto and Rigathi Gachagua was the distributor of the money. He was the money launderer for the political war chest he was building. In short this is how Tanga Tanga is being funded. Money in, money out.

https://www.businessdailyafrica.com/bd/economy/state-loses-track-of-sh5bn-in-mp-gachagua-accounts-2460018

https://www.businessdailyafrica.com/bd/news/court-allows-kiunjuri-bank-accounts-probe-2294422

4

The average governor steals a minimum of 1 billion every year. Minimum.

5

kama namba 2 anaoshahivi, na namba 1 na mamaye je?:confused:

6

Rail

Raila’s keyboard commando at work !!

7

One doesn’t have to be a genius to understand what is going on here. Rigathi Gachagua was tasked with assembling a financial war chest immediately Jubilee won and for who and by who???

This 12.5 billion is just a small amount there are definitely other accounts held by other loyalists as well.

That 12.5 billion is obviously not going to Gachagua alone. He is the Kanda Ya Mkono collecting and distributing the cash flows. You can call him the treasurer. He has a boss.

Realistically it will be difficult to recover that money because after it leaves Gachagua’s group of companies where is it going???

It is sad that this man once took an oath as a D.O to protect his country Kenya from any threats and these are the activities he is today engaged in.

8

Whataboutism solves nothing.

And the boss fools a few youth with cheap wheelbarrows and water tanks while he is in fact seating on top of a mountain of cash.

So even when they steal the money and intend to use it for campaigns they don’t use it for campaigns. He can afford to buy them a canter or a matatu… but anaona ,“No wacha niwapatie wheel barrow. Nikiwapatia matatu watamea pembe!”

9

this is how Ruto is laundering money via proxy

10

just vile ule jamaa alikuwa akifanya in the nineties

mumeteseka bila maji alafu jamaa anakuja na “personal donation” ya water pump na borehole

11

That guy Ni mtu ya mkono, we know his boss.na mnashangaa how comes someone is donating millions of shillings in church and handouts.uyo akikuwa president Kenya inakua washwash headquarter in Africa

12

Wacha ujinga table evidence sio kunukisha mdomo hapa

13

Umbwa matako malaya

14

Nilisema na nitarudia. Mkiwachia Kalejinga ingine presidency msilie hapa, mpanue matako pole pole Ile ya Moi ilikua shadow.
Watu husema wakikuyu ni wezi hajawai kutana na kalenjins mwisi kama Moi, ruto, biwott etc. Saitan ibilisi takataka

15

itatoka tu siku moja

2013 hatukuwai sikia hii story yenye tunaona saa hii

16

Until then wacha kuharibia watu jina

17

We all know who the eventual beneficiary is

18

You have forgotten;

Kenyatta stole 90% of Kenya and all its wealth and made Kenyans all his slaves and upto today they are still stealing

Then came Moi who got the remaining 7%

Odinga has 3%

That’s how Kenya is shared. Kenyans themselves don’t own it and they fight one another to protect the Kenyatta’s Moi’s and Odinga’s - fools!

What they say Ruto has stolen is peanuts compared to the rape these families have done this nation - reason we are still a third world, because of these 3 families, and some foolish Kenyans paid peanuts by these 3 families to fight and tarnish the name of every person who tries to rise up

19

We haven’t forgotten that the current ‘Moses’ held a plum position in the late Pharaoh’s administration, WA Kibaki provided internet so we can siphon out facts from rhetoric.

20

Ruto the thief