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KRA Goes After DP Ruto’s Oil Tycoon Ally

KRA Goes After DP Ruto’s Oil Tycoon Ally

The Kenya Revenue Authority (KRA) has initiated investigations against the Deputy President William Ruto’s Ally and oil tycoon Daniel Wamahiu over unpaid value-added tax and income tax remittance worth close to Sh327 million.

Wamahiu is a former chairman of the Kenya Pipeline Company (KPC) and is being sought over ownership of several companies that did business with Geothermal Development Company during the 2013 to 2017 financial years.

He is known for the controversial allocation of KPC land to Amaco Insurance and suspicious business deals at the Kenya Power and Lighting Company (KPLC) where he fronted various firms to win lucrative tenders during his tenure.

The man who is a close associate of the DP frequently visits Weston Hotel and recently won a multibillion contract with the Kenya Urban Roads Authority due to this. The tycoon boasts to be funding Ruto presidential bid 2022.

The taxman is also looking into his bank accounts that are spread across six banks running into billions. It is suspected one of his dollar accounts are used for money laundering.