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GDC failed to do proper due diligence; gave away contract worth billions
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Engineer Jared O. Othieno, Managing Director, Geothermal Development Company (GDC) Geothermal Development Company was duped into giving lucrative contract worth billions to Chinese firm Hong Kong Offshore Oilfield Supply and Logistics (HOOSL). According to investigations by EACC, the firm forged a $5.85 million (Sh66
What happened
Engineer Jared O. Othieno, Managing Director, Geothermal Development Company (GDC) Geothermal Development Company was duped into giving lucrative contract worth billions to Chinese firm Hong Kong Offshore Oilfield Supply and Logistics (HOOSL). According to investigations by EACC, the firm forged a $5.85 million (Sh66
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