August 2, 2021
Scam/Fraud

Ex-Treasury chief loses Anglo Leasing scam loot

Economy

Ex-Treasury chief loses Anglo Leasing scam loot


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Summary

  • Justice Mumbi Ngugi found that Patrick Ochieno Abachi and his accomplices could not demonstrate that they would suffer losses if the High Court judgment in March requiring the property be forfeited to the State were not suspended.
  • The judgment marked the first seizure of property linked to the Anglo Leasing scam, which involved the award of State contracts worth Sh70 billion to alleged fictitious firms.
  • Public funds were paid to foreign companies for services ranging from forgery-proof passports to naval ships and forensic laboratories, which never materialised.

A former chief accountant at the Treasury linked to the Anglo-Leasing scandal has failed in his bid to reverse the seizure of his multi-million shilling assets by the State.

Justice Mumbi Ngugi found that Patrick Ochieno Abachi and…

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