Nearly four years after Kenya bought out private equity investor Helios from Telkom Kenya, the transaction continues to generate legal fallout, with businessman John Ngumi seeking court protection from anti-graft investigators despite prosecutors twice declining to pursue charges.
The latest petition has revived scrutiny of one of Kenya's biggest and most politically sensitive corporate transactions, exposing how a deal intended to secure State control of a strategic telecommunications asset evolved into a web of investigations, arbitration proceedings and competing institutional decisions that still cast a shadow over the company.
