Tycoon Yagnesh Devani to be charged today in Sh 7.8B Triton Oil Scandal.
The Prime suspect in Ksh.7.6B Triton oil scandal Billionaire Yagnesh Devani will now have to spend night at Kilimani police station until Wednesday when he is expected to take plea afresh in the graft case.
Devani was arraigned in court today following a warrant of arrest issued in 2009.
His advocate pleaded with the Court to release him on bond pending plea taking. However, the prosecution objected saying the suspect has been on the run for the last 16 years and he was only brought to Court under warrant of arrest after the Government of Kenya through the office of the Attorney General successfully convinced the United Kingdom Court to order his extradition to Kenya.
Milimani Anti-Corruption Court Chief Magistrate Thomas Nzyoki declined to grant him bond pending plea taking.
Devani is expected to be charged afresh in relation to the Triton case.
The prosecution told the court that they intend to file new charges against Devani so that they don’t interfere with the case of the other accused persons which is at its tail end.
The case involved charges of conspiring to defraud a number of petroleum companies by purporting that Triton had diesel ready for sale at KPC storage in Kipevu.
