Ethics and Anti Corruption Commission (EACC) has this morning, arrested the principal suspect in the Kes.7.6 billion Triton Oil scandal, Mr. Yagnesh Devani.
Devani, who was apprehended from his offices in Nairobi, is expected to take plea before the Milimani Anti-Corruption Court.
The scandal, which surfaced in 2008, involved Devani’s company, Triton Petroleum Limited, fraudulently disposing of oil products. This led to a loss of approximately Ksh 7.6 billion (about $70 million) to various banks and investors, including Kenya Commercial Bank (KCB) and Fortis Bank. Devani had been on the run for 16 years but was nebbed this morning in Nairobi and is awaiting arraignment in court to answer to charges.