Thursday, June 4, 2020
Home News & Updates Revealed! Echesa arrested for swindling investors Ksh 11.5M

Revealed! Echesa arrested for swindling investors Ksh 11.5M

- Advertisement -

Former Sports CS Rashid Echesa was arrested on Thursday morning by DCI detectives for allegedly swindling investors Ksh 11.5 million.

A report compiled by Citizen TV revealed that the former CS was had entered into a fake multi-billion tender involving military equipment.

His victims including two investors who were to pay him a total of 39.5 billion at the end of the fake tender.

- Advertisement -

It was during the discussion stages that Rashid Echesa had used the office of the Deputy President William Ruto and the signature of CS Amina Mohammed to dupe the investors.

In their initial discussion, they were requested to pay Ksh 11.5 million as a sign of commitment something that they did to a company called Pizzle Consultancy.

During their first meeting, Echesa met the investors at a hotel in Nairobi together with a man dressed in military gear purporting to be the user of the equipment to be purchased.

The discussion was fruitful as the Egyprian and American investors had already planned a trip for the CS to Poland to finalize the deal and receive the remaining payment.

It was during their final meeting they noticed something was not well.The military man had arrived in a suit and they could not see the DP as promised.

All documents used in the meeting were found and they had the signature of CS Amina and the name of DP Ruto too.

Forensic investigations have been launched as the former CS is pending to be summoned over the same.

Three other individuals were arrested alongside Echesa and the four of them will remain in custody at the Muthaiga Police Station.

News Moto
News generated from various authors under the umbrella of News Moto.


Please enter your comment!
Please enter your name here

Most Popular

Jadon Sancho not to be punished over anti-racism stand

Borussia Dortmund's Jadon Sancho and three others will not be punished over their stand on anti-racism and support in the ongoing riots...

Tottenham Hotspurs confirms one positive case of coronavirus

Tottenham Hotspurs has confirmed one case of coronavirus following tests conducted on both players at staff members at their training ground.

12-year-boy succumbs to coronavirus as Kenya confirms 123 cases

Kenya has confirmed an additional 123 cases of coronavirus bringing the total number of cases in the country to 2,216.

Betty Kyallo buys a new car days after quitting K24

Former KTN and K24 news anchor Betty Kyallo has unveiled her new car barely days after quitting Media Max.