spot_img

Tycoon Yagnesh Devani Freed in Sh7.6 Billion Triton Petroleum Case

Date:

NAIROBI, Kenya- In a surprise development, Kenya’s Director of Public Prosecutions, Renson Ingonga Mulele, has dropped charges against Yagnesh Devani, a wealthy businessman long associated with the high-profile Ksh 7.6 billion petroleum scandal. 

Anti-Corruption Chief Magistrate Harrison Barasa revealed on Monday that the prosecution lacked witnesses and supporting evidence to proceed, effectively bringing the 15-year-old case to a standstill—at least for now.

Devani’s legal troubles date back to 2008, when he fled to the UK amid allegations of defrauding the Kenyan government. 

His company, Triton Petroleum Company Limited, was accused of orchestrating a massive scheme, leaving a Ksh 7.6 billion hole in the nation’s coffers. 

In a bid to bring Devani to justice, the Kenyan government secured an extradition order, leading to his return to Kenya this February after 13 years abroad. 

Despite this extradition, the case met an unexpected end this week, as the prosecution disclosed its struggles: key witnesses have either passed away or are unwilling to testify, crippling the state’s ability to build a solid case.

The charges have been dismissed under Section 87A of the Criminal Procedure Code, which allows for future prosecution should fresh evidence emerge. 

This decision raises questions about the effectiveness of Kenya’s judicial processes in prosecuting high-stakes financial cases.

George Ndole
George Ndole
George is an experienced IT and multimedia professional with a passion for teaching and problem-solving. George leverages his keen eye for innovation to create practical solutions and share valuable knowledge through writing and collaboration in various projects. Dedicated to excellence and creativity, he continuously makes a positive impact in the tech industry.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Trending

More like this
Related

TikToker Rish Kamunge Arrested Over Alleged Fake Job Agency Scam

Viral TikToker Accused of Defrauding Job Seekers NAIROBI, Kenya –...

Trump Slaps 25pc Tariffs on Car Imports, Igniting Global Trade War Fears

WASHINGTON, D.C. – President Donald Trump has escalated his trade...

Judiciary Urges Restraint in Ongoing Dari Limited-EADB Legal Dispute

NAIROBI, Kenya - The Judiciary has issued a warning...

Parliament Announces Vetting Schedule for Newly Nominated Principal Secretaries

NAIROBI, Kenya - The National Assembly has set Friday,...