Kenya Power management team, including acting chief executive Jared Omondi Othieno, was put in place mid-July after Ken Tarus, his predecessor Ben Chumo and others were arrested and charged with economic crimes. They denied the charges.
The arrests sparked fears of operations paralysis at the monopoly. The accused were charged in connection with the supply of faulty transformers that have allegedly seen the utility firm incur a loss of some Sh408 million.
Contracts of a caretaker management team appointed to run Kenya Power #ticker:KPLC following the suspension of the electricity distributor’s executives have been extended by two months.
The team, including acting chief executive Jared Omondi Othieno, was put in place mid-July after Ken Tarus, his predecessor Ben Chumo and others were arrested and charged with economic crimes. They denied the charges.
“The term was extended by two months,” said the Ministry of Energy in a statement.
The team was appointed by Energy Secretary Charles Keter. Mr Othieno had been working in the company as the acting general manager for Street Lighting.
The arrests sparked fears of operations paralysis at the monopoly. The accused were charged in connection with the supply of faulty transformers that have allegedly seen the utility firm incur a loss of some Sh408 million.
The charge sheet stated that Dr Chumo, Ms Beatrice Meso, Dr Tarus, Mr K.P Mungai, Mr Abubakar Swaleh and others conspired to commit an economic crime on diverse dates between August 3, 2013 and June 12, 2018 when they procured transformers worth Sh408,533,221 to Muwa Trading.
They further denied abuse of office and failure to comply with procurement laws charges.
Also in court was James Njenga, a director of the company. The prosecution further alleges that Kenya Power’s senior managers aided Muwa Trading company to fraudulently acquire Sh202 million from the firm after supplying the sub-standard transformers.
The company’s senior managers are alleged to have tried to defeat the cause of justice when they sanctioned an out-of-court settlement of a case filed by Muwa before the High Court.
It is alleged that the management team tried to settle the case out of court leading to the loss of more than Sh200 million. The electricity distributor is expected to announce its results for the full year ended June in the coming days.
PAYE Tax Calculator
Note: The results are not exact but very close to the actual.
