Oil tycoon Yagnesh Devani is set to face fraud charges this morning related to the 2008 Triton oil scandal. After a decade on the run, Devani was apprehended on Monday under a warrant issued by the courts in 2009. He appeared in court on Tuesday, where Magistrate Thomas Nzyuki scheduled a plea hearing for today.
The prosecution announced their intention to file new charges against Devani to avoid disrupting the ongoing trial of other accused individuals, which is nearing completion. Devani’s previous case involved allegations of conspiring to defraud several petroleum companies by falsely claiming Triton had diesel available for sale at KPC’s Kipevu storage.
In a separate case, an anticorruption court will hear charges against a former manager of the Rural Electrification and Renewable Energy Corporation. The manager is accused of forging academic documents to obtain the job, including a master’s degree in business administration and finance from the University of Nairobi. He allegedly received Sh1,445,066 in salary and allowances under false pretenses. He was granted a Sh1 million bond or an alternative bail of Sh500,000 and ordered to surrender his passport within seven days.
