Revealed!Parliamentary committee investigates how over 6B were paid off
Kesses Mp CPA Julius Ruto and a member of the Finance and Planning committee of the National Assembly /Photo James Gitaka
By Winner Nang’ida.
The Finance and Planing committee of the National Assembly is investigating what’s has been termed an economic crime where over 6.1 billion shillings were allegedly paid to Jamhuri holdings Ltd, a Mauritius-based subsidiary of Helios a few days to The 2022 General Elections.
Kesses Member of Parliament, Hon. Julius Ruto who is a member of the Finance committee said a report by the committee will be tabled before the National Assembly.
“I sit in the committee that is now investigating a serious economic crime that involved withdrawal of 6.1 billion shillings from the National treasury 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 as a systematic arrangement made to divert Kenyans’ attention from understanding how billions of public money were paid out a few day to the 2022 general elections and immediately after the elections by the previous administration.
“The money has been paid off and it went to Mauritius and other tax privileged countries. Now there are traces of the money getting back to our country 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 siphoning of public resources.” He added.
Further, he warned the government will go after every person who was involved in the money heist that is still in question alleging the money was carried in sacks to houses of some of the former senior government officers In the retired President Uhuru’s regime.
“Over 2 billion shillings were paid in the pretext of paying off a certain company, a transaction that is still in question. What kind of an emergency was there in the country to sanction such a payment? When Kenyans were going out to the ballot , others were busy siphoning from the public coffers. 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.
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