EACC grills MP and Kisumu Speaker over mall costing
SEE ALSO :300 tycoons probed over Sh10b land grabThe raid began at about 6:30am yesterday, with detectives ransacking the Speaker’s house in Milimani and Mamboleo, before driving him to his office at the County Assembly. They collected documents from the homes and office before driving him to the Western Region EACC offices. Following the raid, Oloo promised to comply with the detectives. “As at now, I also do not know whether I am under arrest or not, but I am very innocent,” said Oloo. He noted that he was informed by his son that his Nairobi home had also been raided by detectives.
SEE ALSO :Suspect faults EACC in graft caseIn the case, EACC estimates that up to Sh2 billion could have been stolen due to inflated costs in the construction of the Lake Basin Mall in Mamboleo, Kisumu. The initial cost of constructing the mall was capped at Sh2.5 billion, but reports indicate that about Sh4.2 billion was spent to construct the mall. The mall was built through a partnership between LBDA and Erdermann Properties, a Chinese developer, on a 20:80 basis. The investigators also want to know why LBDA took a loan of Sh2.5 billion from Co-operative Bank. They want to establish why government land was used to secure a loan from the bank without the consent of the Attorney General. The title deed of the multi-billion shilling mall land is in the hands of Erdermann Properties.
SEE ALSO :Sheria ya kuwapiga teke magavanaOloo questioned the "lengthy delays" by the authorities in finalising the matter, even as he vowed not to step aside as Speaker. A source privy to the investigation, however, said they were in the final stages. [Additional reporting by Erick Abuga] [email protected]
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