Billionaire businessman Peter Munga orchestrated a secretive purchase of 452.5 million shares of Britam Holdings from the government of Mauritius in a deal that left the island nation with a Sh3.9 billion loss, according to an inquiry report.
The Port Louis commission of inquiry, which investigated the transactions, established that the then Mauritius’ Minister of Financial Services, Good Governance and Institutional Reforms Roshi Bhadain helped the Kenyan businessman buy the shares for Sh7.1 billion in 2016.
