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Kenya Pipeline Co. denies corruption as Directors are suspended

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World Pipelines,


Bloomberg reports that Kenya Pipeline Co. has denied any corruption at the state-owned company, as it suspended three officials to allow an investigation into alleged malfeasance to proceed.

According to Bloomberg, President Uhuru Kenyatta is mounting his administration’s biggest campaign yet to tackle corruption in Kenya, which ranks among the world’s most corrupt countries. On Monday, he ordered the suspension of procurement and accounting officers at all government-owned institutions as the authorities probe a scourge he’s previously described as a threat to national security.

Kenya Pipeline suspended its General Manager for finance and two Directors in its procurement department, even though no money has gone missing from the company, Managing Director Joe Sang told reporters Tuesday in the capital, Nairobi. The Daily Nation newspaper reported earlier that as much as 95 billion shillings (US$940 million) of taxpayer funds had disappeared from the company.

“We find these allegations quite inaccurate, astonishing, maliciously constructed to injure Kenya Pipeline,” he said. “No money has been lost by Kenya Pipeline.”

Kenya Pipeline Co. denied any corruption at the state-owned company as it suspended three officials to allow an investigation into alleged malfeasance to proceed.

Read the article online at: https://www.worldpipelines.com/business-news/07062018/kenya-pipeline-co-denies-corruption-as-directors-are-suspended/

 

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