KENYA TO BAN CHINESE COMPANY OVER GEOTHERMAL WELLS TENDER FRAUD

On 7 March, the Nation reported that a Chinese company is set to be banned from State tenders in Kenya for falsifying a bank document to secure a multibillion-shilling contract to drill geothermal wells.  The Ethics and Anti-Corruption Commission (EACC) said investigations established that Hong Kong Offshore Oilfield Supply and Logistics (HOOSL) had forged a $5.85 million (Sh667 million) performance bond from the Industrial and Commercial Bank of China.

https://nation.africa/kenya/business/kenya-to-ban-chinese-firm-over-geothermal-wells-tender-fraud-3739652

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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