Home News & Updates Revealed! Echesa arrested for swindling investors Ksh 11.5M

Revealed! Echesa arrested for swindling investors Ksh 11.5M

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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.

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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.

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