The Asset Recovery Agency (ARA) has made a fresh move to reclaim over Ksh200 million looted money from Mathira Member of Parliament Rigathi Gachagua.
This is after ARA filed a fresh suit against the MP on Wednesday, October 7, claiming that Gachagua acquired the cash in his three separate accounts was through corrupt practices.
“We have established that he was involved in complex scheme of money laundering involving several companies which received funds from national government ministries before the money was transferred to his personal accounts,” ARA said.
The Agency also stated that the lawmaker’s through his three personal accounts made series of suspicious transactions amounting to Ksh19.8 billion between 2013 and 2020.
According to ARA, the money Gachagua transacted in his accounts are proceeds of crime.
The agency further said that the MP cannot explain how he acquired a total of Ksh202 million currently in his accounts and should therefore be forfeited to the State.
Gachagua has three bank accounts registered in his name all with Rafiki Micro Finance Bank. His first account has Ksh165 million, the second account has Ksh35 million and the third has Ksh773, 228 million.
The agency has also linked Gachagua to an account registered in the name of Jenne Enterprises which has Ksh1.1 million.
“We want the court to make an order that the above funds be forfeited to the government and transferred to the Asset Recovery Agency. The money are proceeds of crime acquired from illegal transactions which he should not be allowed to enjoy,” ARA said.
Gachagua, a close ally of Deputy President William Ruto, saw his misfortune start in July over his unexplained wealth after agency moved to court to freeze his accounts.
He is accused of receiving millions from different State agencies while trading under different entities and transferring them to other entities and personal bank accounts.
Among the companies the MP allegedly used are; Wamunyoro Investment Ltd, Specific Supplies Ltd, Wamunyoro Investments and Machine Cent, Crystal Kenya Ltd and Technical Supplies and Services Ltd.
“He used the entities as a vehicle to siphon public funds and conducted classic money laundering but tried to conceal and hide the trail of money,” said ARA.
According to ARA the MP received Sh64 million in his personal accounts in a span of two weeks between May 9 and 24, 2013, without disclosing the source of the funds.