Remember he was caught stealing at KQ and had to refund.
Information reaching us show that the audit was commissioned by Ndegwa a few months after he took over the office of Chief Executive. It is reliably understood that PWC Kenya undertook the forensic audit between August and December 2020 and released its comprehensive report to Ndegwa.
Snippets of the damning report accuse Joseph of unethical practices and abuse of office. Joseph is reported to have overpaid himself dividend amounting to Ksh150 million without providing any justification for the payment. The report recommends that Joseph be compelled to refund the over-payment but Ndegwa’s procrastination has seen him unable to present this to the Board which Joseph chairs.
According to sources that spoke to cnyakundi.com on condition of anonymity, Ndegwa is particularly afraid to action the report because
Michael Joseph, presently Chairman & Non-Executive Director, is adversely mentioned in the explosive dossier.
If Michael Joseph indeed stole 150, that pales in comparison to the billions that were frozen that “allegedly” belong to Arror.heist@sugoi. We are holding MJ to a different standard. If there was no rampant theft in Kwinya, MJ would not even “overpay” himselufu 1000 shillings
Is it by coincidence that this news appears a few days after MJ said Mshwari, Fuliza, KCB Mpesa and other safaricom based loan products engage in predatory lending? Hapa anaambiwa anyamaze ama achafuliwe jina sawasawa.