Man who amassed Sh300m on 100k salary in five years
With just a monthly salary of Sh100,000, a former Trans Nzoia County principal finance officer amassed more than Sh300 million wealth in five years.
SEE ALSO :EACC arrests ex-deputy Auditor GeneralAccording to court documents filed by the Ethics and Anti-Corruption Commission (EACC), Musuya’s accounts at Equity Bank transacted a total of Sh223 million while the ones at Co-operative Bank had Sh45.5 million. Justice Onyiego also stopped Musuya from selling or transferring several prime pieces of land in Mombasa, Kilifi, Mtwapa and Bungoma, which the EACC claims he bought using money stolen from the county. In addition, the judge ordered Musuya and his wife Salome Waleghwa to surrender three top-of-the-range cars valued at over Sh10 million, and which it is believed were acquired through proceeds of crime. “Should they fail to surrender the vehicles and their logbooks within seven days, the EACC will be at liberty to seize, tow and detain the motor vehicles for purposes of preservation within the nearest police station,” ruled Onyiego. He further stopped the former accountant from accessing Sh3.5 million he allegedly deposited in the account of Sachdeva and Nabhan Advocates to purchase some property on his behalf.
SEE ALSO :Ex-deputy AG in fraud caseThe commission’s lawyer, Rosslyne Murugu, submitted that their investigations revealed a chain of secret deals involving the top accountant, his wife Waleghwa and a private consultant named Isaiah Walubengo. To conceal his acts, EACC claimed that Musuya registered a company called Mukuyu Petroleum Dealers, which he used to deposit large sums of money on a daily basis. “We had reasonable suspicion that considering his salary, the large and frequent deposits in his accounts and that of his business were disproportionate to his legitimate known sources of income,” said Ms Murugu. The commission said they were also investigating how Musuya allegedly used his wife’s accounts to channel other proceeds of corruption estimated to be worth Sh150 million. According to EACC, part of the conspiracy included a scheme between Musuya and Walubengo in which he gave him private consultancy services at inflated costs and received 40 per cent of all proceeds.
SEE ALSO :Sh49m gone but no schoolBut Musuya claimed he made his millions through other businesses including a night club in Kapenguria town where he made Sh200,000 per week, personal loans, earnings from maize farming, consultancy work and his petroleum dealership. His wife also claimed she contributed to the empire through Sh40,000 salary, boda boda business and sale of beans.
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