This archive report was first published on 25 June 2020.
Rigathi Gachagua Faces Money Laundering Allegations ¶
Mathira MP Rigathi Gachagua, a close ally of Deputy President William Ruto, is at the center of a complex money laundering scheme involving public funds.
According to documents filed in court, the Asset Recovery Agency is seeking to preserve over Sh200.773 million held in Gachagua's three accounts at Rafiki Finance Bank.
The agency claims that between May 2013 and May 2020, Gachagua's personal accounts received suspicious funds amounting to Kshs. 5,832,671,354.19 billion, which included funds received from companies or business entities that had received funds from government ministries, agencies, and county governments.
The agency also alleges that Gachagua's accounts were used to conduit money laundering in efforts to conceal, disguise the nature, source, disposition, and movement of the illicit funds.
On March 30, this year, the agency received information into suspected complex money laundering schemes and proceeds of crime involving public funds from various government ministries and county governments.
The agency is seeking to preserve and prohibit Gachagua and Jenne Enterprises Limited from dealing with Kshs. 1,138,142.95 million held in their names at Rafiki Microfinance Bank.
The Asset Recovery Agency has applied for preservation orders to prohibit Gachagua and Jenne Enterprises Limited from transacting, withdrawing, transferring, and dealing in any manner with the funds specified.
