Author Topic: Ex-RVR manager mentioned by World Bank in corruption lands top job in SGR unit  (Read 1391 times)

Offline Kadudu

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What an irony. Please do not come with that lame excuse "he is innocent till proven guilty by the highest court in the land". Kenya lost so much money in that deal that it is scandalous that these people are still walking freely.

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The World Bank in a financial report released in January last year found that more Sh16.5 billion loaned to RVR by a consortium of international financiers was plundered.

The reports says that RVR Group and Messrs Sadek, Hassan Massoud, Carlos Andrade, Boong Yoon, Sammy Gachuhi and Fabio Steffler were involved in corrupt, fraudulent, collusive and obstructive practices in the procurement, financing and import of 20 unit GE B23-7 refurbished locomotives.


https://www.businessdailyafrica.com/news/Ex-RVR-manager-lands-top-job-in-SGR-unit/539546-4342174-x4u5so/index.html

Offline RV Pundit

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RVR was bad deal ab initio and blames lies squarely with World bank private arm IFC who picked the south african conman who had no expertise or capital to ran the railway. Let hope SGR will fair better but it appears they are recycling the same crooks.