The transaction reeks of a botched money laundering deal. I refer to the investigation by Parliament of a money transfer transaction between the power producer, Lake Turkana Wind Power (LTWP) and Kenya Power and Lighting Company that was flagged by a Standard Chartered Bank branch in Frankfurt as being suspicious.
So far, the information before Parliament is as follows. LTWP wired Sh 785 million into a Central Bank of Kenya account ostensibly to refund Kenya Power for excess payments and on account of the so-called deemed energy charges.
