As detectives dig deeper into the alleged loss of funds in the multi-million Arror and Kimwarer dams saga, a Nairobi court has now ordered for the freezing of bank accounts of a firm linked to the project.
Milimani Senior Resident Magistrate Caroline Muthoni on Thursday directed Standard Chartered Bank to freeze the account of Stanlib Wealth Amanah Property Limited after it emerged that it was among the firms that had reportedly benefited from the stolen millions.
The directive came after the Directorate of Criminal Investigations requested the court to give it more time to investigate the matter following the arrest of former Treasury Cabinet Secretary Henry Rotich and former Principal Secretary Kamau Thugge over the scandal.
According to the detectives, the funds in the bank account are likely to have been received from dirty deals linked to the dams scandal.
Detective Isaac Ogutu told the court that the firm in question had transferred Sh734.5 million to Dubai-based AZepco General Trading Company LLC.
The detective further noted that the firm had been paid 5.8 million euros (Sh671 million) by Italian company CMC di Ravenna.
The revelation came after the police received information from the bank's financial reporting centre.
The court had given the DPP freedom to investigate the bank accounts of the firm to ascertain whether it receives proceeds from the dams scandal.