Staff of the energy ministry's Sacco colluded with members to siphon at least Sh82.36 million in the entity through ghost shareholding that was used to tap loans and earn dividends, a report presented in court has shown.
The loss at Energy Sacco happened between January 2016 and June 2021 but has been revealed for the first time in a finding presented in court by Reuben Gitahi & Associates Forensic Services - the firm that was hired by the institution to investigate the matter at a fee of Sh400,000.
