How CS Rotich duped Treasury in Sh6.3 billion land deal

How CS Rotich duped Treasury in Sh6.3 billion land deal

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Reports are emerging on how Finance CS Henry Rotich allegedly walked away with Sh5.3 billion after misleading the government in the purchase of land where those affected by the construction of two dams were to be resettled.
Details have emerged how the CS used his position to allegedly force a state agency to purchase the 300 acres of land at a massively inflated price of Sh6.3 billion just two months after he bought the same land from a senator in Rift Valley whose identity is yet to be known.
Knowledgeable sources reveal that Rotich picked the idea from a cabinet resolution that had proposed for the purchase of land which was to be used in resettling people who were to be displaced following the construction of the proposed Arror and Kimwarer dams.

The CS according to insiders latched at the opportunity and quickly engaged proxies who made fast transaction with the senator in question before the land was later sold to the Kerio Valley Development Authority.
The senator was equally surprised at the whooping profit the CS made from the bushy land that was bought from him at Sh1 billion only to appreciate to Sh6.3 billion in a span of two months.
Other notable leaders who are now making noise after being left out of the deal are the Moiben MP Silas Tiren said to be furious on learning the resale value of the land as later sold by Rotich.
Now that the matter is at DCI, Tiren is expressing worries over the delay of relocating affected people after the purchase the land purchase.
The investigators seem to be convinced that Rotich was paid Sh700 million by the National Land Commission as a commitment fee and a balance of Sh5.6 billion was scheduled to be paid in February 2016.
Recently the director of Criminal Investigations George Kinoti said that the CS made a fast move after learning of the government’s plan to purchase the land.
The Sh6.3 billion is part of the Sh21 billion which was initially channeled to an Italian firm CMC di Revenna for the two Sh65 billion dam projects.
Top sleuths are currently working round the clock to uncover the lost of Sh21 billion and part of it has been traced to Barclays Bank in Kenya after it emerged a group of cartels opened an account at the bank’s Westlands branch where the money landed in dollars before it was instantly scattered.