London Court fines Vimal Shah, ex-CBK boss billions

              Bidco chief executive Vimal Shah, ex-Central Bank governor Nahshon Nyagah and coffee farmer Stephen Mwagiru could face international sanctions before Christmas if they fail to pay close to Sh2 billion in damages to the major investors in the multi-billion-dollar Tatu City. After months...

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Vimal Shah camp suffers mortal blow in Tatu City wars

International investors in Tatu City have claimed a big win for the project, after years of battling with a faction led by Nahashon Nyagah, Steve Mwagiru and Vimal Shah. The trio have in the past been accused of leading a pack of wolves trying to wrest control of the project...

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Akasha brothers link tycoon to drugs

A billionaire of Asian origin, Madatali Chatur associated with the Diamond Plaza located at Highridge is disposing his estate after being linked to international drug trade. Last week Chatur put on sale all his Kenyan properties estimated to be worth Sh76.99 billion. Sources well versed with how the tycoon accumulated...

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DP Ruto’s insurance company on the verge of collapse

Correspondent Even as William Ruto goes round the country dishing millions of shillings in fundraisers, a company associated with him, Africa Merchant Assurance Company is on the verge of collapse. Employees of the troubled  company have gone for months without pay and at least seven branches have so far been...

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Unveiled: The mess at ERC

Share Pin Email               All is not well at Energy Regulation Commission whose chief executive officer is Robert Oimeke. The parastatal falls under the ministry of Energy. Oimeke, it is claimed, has been employing his tribesmen and relatives without involving the human resource department....

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Uhuru dodges oil tax snare

Was a section in Jubilee pushing for VAT increase of 16pc on petroleum products to push for their 2022 aspirations? Was the matter also well executed and part of an elaborate scheme to distract the country from the war against corruption which is threatening their campaign funding? It is said,...

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Residents cross swords with Athi River Mining

Trouble is looming between residents of Mwarakaya location in Bahari constituency and Athi River Mining Company over a plan by the firm to purchase 500 acres of land for limestone mining project. According to sources, villagers refused to meet senior officials of Athi River mining firm led by managing director...

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Sh30m fraud at Paramount Bank

Share Pin Email All is not well at Paramount Bank with headquarters Sound Plaza, Westlands, Nairobi. The bank is sucked in a Sh30million loan fraud which was obtained using forged title of two acres public land. The bank general manager is Fred Maina. It has emerged, John Peter Kamau Ruhangi...

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Boardroom wars at Sportpesa

Trouble is brewing at Sportpesa, the biggest betting company in Kenya making billions of shillings in profit every year, over mismanagement with fingers being pointed at the chief executive Ronald Karauri. The betting company has so much money that it has been sponsoring two English Premier League Clubs, Hull City...

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Leaked: Full Government Chemist report on dirty sugar

Trouble is looming in parliament with MPs accusing Kieni MP James Mathenge aka Kanini Kega, of having a link between Mombasa sugar baron Naushad Merali and members of the parliamentary agriculture and trade joint committee in the house. Kega, according to an MP, allegedly received Sh20 million as facilitation fee...

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