- Ex-Finance Director John Faustin Kinyua and businesswoman Mary Nganga Kimingi found guilty in the sale of a Kenya Re house to a company known as Rockhound Properties.
- Former Kenya Reinsurance finance director jailed to serve 3years in jail for fraudulent acquisition of public property and conflict of interest.
- The co -accused mary Njeri has been given a lesser sentence by being fined 1.5 M shillings.
Anti-corruption court magistrate Felix Kombo
found ex-Finance Director John Faustin Kinyua and businesswoman Mary Nganga Kimingi guilty in the sale of a Kenya Re house to a company known as Rockhound Properties. - Kimingi is the director of Rockhound properties limited -the company that allegedly bought the house at Kshs 12 million.
Last month, Kinyua was fined Sh7.3 million after he was found guilty of abuse of office charges. - Ex-reinsurance manager Charles Gichane was also fined Sh7.3 million after being found guilty of a similar offence.
- Kinyua was accused of fraudulently allocating and transferring a house belonging to the corporation to Gichane.
- The house is situated in Villa Franca Estate in Nairobi. The offence was committed on diverse dates between August 19 and 27, 2003.
- The two were in 2014 charged afresh after the high court ordered that they are retried after their 2008 prosecution was found to be defective.
Sent from Yahoo Mail
