BY SAM ALFAN.
Former Kenya Pipeline Company Managing Director and Homabay senatorial candidate Dr Shem Odongo Ochuodho have been charged With conspiring to defraud the company over shs 800 million.
It is alleged that on diverse dates between May 2003 and July 2004 in Nairobi Ochuodho jointly with other board member’s conspired to defraud Kenya Pipeline Company Limited (KPC) Kshs, 827, 564, 608,20 by entering into a refinancing arrangement which required KPC to pay Triple A Capital Limited Credit charges amounting to Kshs, 827, 564,608,20 on account of Triple Capital Limited paying KPC’s international Creditors amounts owed by KPC , whereas Triple A Capital Limited had no money to pay the said creditors.
Those charged alongside him are the chairman of the board directors of KPC and Directors of Triple A Capital Limited Maurice Dantas ,John Gichia Macharia and Janice Theresia Wanjiku Kiarie alias Terry Wijenje.
Dr Shem Odongo and Maurice Dantas are accused being employed by Public service as Managing Director and Chairman of the board directors of Kenya Pipeline Company respectively and whose functions concerned the administration of public property jointly and fraudulently instructed the standard chartered Bank of Kenya to pay Triple A Capital limited Kshs, 1,250,577, 549 from KPC ‘s account purporting it to be a refund on account of Triple A Capital limited having paid a similar sum to KPC’s International Creditor, Export Development Canada (EDC) yet no such payment had been made by Triple A Capital limited and on behalf of KPC to EDC.
They are also accused on 28, December 2003 jointly fraudulently instructed the the standard Chartered Bank Kenya limited to pay Triple A Capital limited Kshs, 397, 699,893 from KPC’s account purporting it to be refund on Triple A Capital limited.
He I’d also charged with misuse of public office by improperly conferring a benefit of Kshs 99,045,774 on Triple A capital by signing a Deed of assignment of debt on behalf of Kenya Pipeline Company limited.
The former Triple A Directors John Gichia Macharia , Janice Theresia Wanjiku Kiarie alias Terry Wijenje and Triple A Capital limited are faxing charge of fraudulent acquisition of public property
They are accused on 31 of December 2003 in Nairobi being Directors of Triple A Company Limited, jointly fraudulently acquired a public property Kshs, 1,691,791 ,968 by purporting that they had paid a debts owed by Kenya Pipeline Company (KPC) to its creditors , Export Development Canada (EDC) and Japan Bank for International Cooperation (JBIC) under a refinance agreement, yet no such payment had been made by Triple A Capital limited on behalf of KPC to EDC and JBIC.
He pleaded not guilty before the Anti-Corruption senior principle magistrate Lawrence Mugambi.
He was released on a cash bail of 2million.
The corruption case will be mentioned on 13 of August for further directions.