This archive report was first published on 16 September 2021.
On September 16, 2021, a multiagency report was submitted to the Attorney-General, recommending prosecution for former directors and top managers of the Kenya Tea Development Agency (KTDA) implicated in the misappropriation of company resources.
Agriculture Cabinet Secretary Peter Munya confirmed that the report, formed by the Attorney-General in April, has recommended prosecution for those who will be implicated in the misappropriation of company resources.
The team that has been undertaking a forensic audit on KTDA operations will make public its report in a month, with the preliminary report recommending seizure of assets to recover lost funds.
"The relevant government law enforcement agencies are studying the report from the inspection team to enable them take appropriate action. Successful prosecution will lead to recovery of misappropriated assets," said Mr. Munya.
President Uhuru Kenyatta had ordered the Attorney General Kihara Kariuki to conduct an inquiry into the alleged statutory and regulatory compliance breaches allegedly committed by KTDA and its directors in the early part of the year.
These alleged breaches include potential price and auction manipulation, abuse of dominance, insider trading, wastefulness, and breach of directors' fiduciary duties.
As a result of the inquiry, six KTDA top managers were sent on compulsory leave in June to pave way for investigations on alleged malpractices at the firm.
Long-serving managing director Lerionka Tiampati, who was among the six, has so far resigned from the helm.
