In Courts: Businessman Devani to be charged with fraud

Oil tycoon Yagnesh Devani will this morning be charged with fraud in relation to the 2008 Triton oil scandal

The businessman who was on the run for the past decade was arrested on Monday following a warrant of arrest that had been issued by the courts in 2009.

He was then presented in court on Tuesday where Magistrate Thomas Nzyuki directed he appear in court today for plea taking.

The directive followed after the prosecution told the court that they intended to file new charges against Devani so that they don’t interfere with the case of the other accused persons which is at its tail end.

The prosecution told the court that they intend to file new charges against Devani so that they don’t interfere with the case of the other accused persons which is at its tail end.

That case has been proceeding but in the absence of Devani. The case involved charges of conspiring to defraud a number of petroleum companies by purporting that Triton had diesel ready for sale at KPC storage in Kipevu.

Separately, an anticorruption court will proceed with the hearing of a case in which a former manager of the Rural Electrification and Renewable Energy Corporation is facing charges of forging academic papers to secure the job.

He is accused of fraudulently acquiring salary and allowance amounting to Sh1445066 from the agency having been employed using a forged degree certificate.

The charge sheet showed he had forged a master’s degree in business administration and finance from the University of Nairobi.

At the time he was charged, he was granted a Sh1 million bond with an alternative bail of Sh500,000. He was also ordered to surrender his passport to court within seven days.