The parliamentary committee investigates how over 6B was paid off to Jamhuri Holdings Ltd
Kesses Mp CPA Julius Ruto and a member of the Finance and Planning committee of the National Assembly /Photo James Gitaka
A committee has been formed to investigate an economic crime of over 6.1 billion shillings that was allegedly paid to Jamhuri Holdings Ltd, a Mauritius-based subsidiary of Helios. This comes after the Treasury withdrew Sh6.09 billion and paid to Jamhuri Holdings Ltd.
Kesses Member of Parliament, Julius Ruto said the committee formed will look into the matter before sharing out the details.
“I sit in the committee that is now investigating a serious economic crime that involved taking out over 6.1 billion shillings in the pretext of paying off shares to one Helios Jamhuri holdings. We want to ask ourselves which is this foreign country that came to register as a company in the name of Jamhuri holdings other than the first family whom we know.” Said Julius Ruto.
Noting the demonstrations led by the Azimio leader Raila Odinga is a systematic arrangement made to divert Kenyans’ attention from understanding the cause of the missing money that was allegedly stolen by the previous government.
“The money has been paid off and it went to Mauritius and other tax-privileged countries. Now they are taken back to our country we know all this together and we know this particular demonstration is a systematic arrangement orchestrated to divert the attention of Kenyans from understanding the cause and those involved in these problems, we want to tell you we are coming for you.” He added.
Further, he said they are going after every person who was involved in the money heist that is still in question alleging the money was carried in sacks to the houses of those who stole it.
“The money, over 2 billion, which was paid in the context of paying off the Keraroch, was not done. How come we take money through the emergency provision of articles 2-3? What kind of emergency were they taking out this money for? When Kenyans were going out to the ballot to carry out the election process, others were busy going to the coffers of the country taking out money and we were told I think we are going to confirm this money was carried in the sacks. Some of this money is still in the houses of these people. We are going to come for you.” He said.
The treasury acquired a 60 percent stake in Telkom Kenya from a UK-based private equity fund, Helios Investment Partners, for Sh6.09 billion in October 2022, making the company fully state-owned.
Post Author
