Facing JusticeWe are very clean- CMC di Ravenna speaks for...

We are very clean- CMC di Ravenna speaks for the first time

-

- Advertisment -spot_img

Italian construction company CMC di Ravenna, which faces charges in the Arror-Kimwarer dams scandal, has denied any wrongdoing.

A statement released in Italy on Tuesday said: “The company is already working with the Kenyan judicial authority to settle the matter as soon as possible.”

This even as DPP Noordin Haji said the company had not cooperated with investigators.

Kenya was expected to seek the extradition of one of the company’s directors to face charges in Nairobi.

Treasury Minister Henry Rotich on Tuesday pleaded not guilty to corruption charges in connection with the loss of billions of shillings in tenders related to the planned construction of two dams.

Rotich, who was freed on Ksh. 15 million bail, is one of 26 people facing charges related to the Arror and Kimwarer dams scandal.

According to investigators, work on the two dams has not started yet, an assertion that CMC di Ravenna disputes even as prosecutors maintain that no land where the dams were meant to be built has been acquired.

Prosecutors further accuse CMC di Ravenna and Kenyan officials of inflating the cost of building the two dams in the west of the country to Ksh. 63billion shillings from an original cost of Ksh. 46billion.

The government made advance payments of Ksh. 19billion.

This included Ksh. 11billion in unnecessary debt insurance, which prosecutors said was shared out in accounts belonging to the conspirators and their agents.

CMC di Ravenna denied any links to those arrangements.

“The accusation would refer, in fact, to the conditions of the financing, by banks of primary international standing, of the public works contracted by Kenya to CMC,” the company said.

“CMC and its representatives did not participate in the negotiations,” the company said, adding it was certain it could quickly clarify that it was not related to the matters under investigation.

Source: kenyagist.COM

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Ex-Govt Official in Ksh1.3 Billion Scandal Hospitalised After Court Release

Former Nairobi Provincial Commissioner Davis Nathan Chelogoi is set to receive ongoing medical treatment at a hospital in the...

Raila Allies Pile Pressure on Ruto as Talks Hit Dead End

National Assembly Minority Leader Opiyo Wandayi, a close ally of opposition leader Raila Odinga and a senior member of...

'They’re Jealous of Me', Nakhumicha Over Recent Criticism

Cabinet Secretary (CS) for Health Susan Nakhumicha has strongly condemned the individuals criticising her over allegations of underperformance within...

Court Orders City Lawyer Behind Ksh 283M Scam to Refund Loot

The High Court on Thursday ordered a Nairobi lawyer to refund Ksh25 million he is accused of obtaining fraudulently. While...
- Advertisement -spot_imgspot_img

How to Buy Cryptocurrency with M-Pesa in Kenya: A Step-by-Step Guide on Binance

Are you a Kenyan interested in purchasing cryptocurrencies using M-Pesa? Although direct purchases of cryptocurrencies via M-Pesa are currently...

How to Buy Bitcoin with M-Pesa in Kenya: A Step-by-Step Guide on Binance

Are you a Kenyan interested in buying Bitcoin using M-Pesa? While there's currently no direct way to purchase Bitcoin...

Must read

Ex-Govt Official in Ksh1.3 Billion Scandal Hospitalised After Court Release

Former Nairobi Provincial Commissioner Davis Nathan Chelogoi is set...

Raila Allies Pile Pressure on Ruto as Talks Hit Dead End

National Assembly Minority Leader Opiyo Wandayi, a close ally...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you