Kenya Pipeline Company Boss Joe Sang Denies Reports of Sh95 Billion Graft Scam

Kenya Pipeline Company (KPC) Managing Director Joe Sang has refuted claims that the institution lost Sh95 billion in skewed tenders, terming the reports by the media as false and malicious. 

Speaking to the media on Tuesday morning, Sang however confirmed that three top officials at the company had been suspended pending the ongoing investigations by the Ethics and Anti-Corruption Commission (EACC).

"The performance we did last year was a profit before tax of Sh11.5 billion. That is not a company that has swindled Sh95 billion," Sang said.

"As a company, we are open to public scrutiny and we will continue to partner with all the government agencies in this endeavour. We will continue to provide all documentation. We are open, we are transparent and we are ready."

At the heart of the alleged scandal is a lucrative tender awarded to a Lebanese firm, Zakhem to build a new pipeline in 2014 at about Sh48 billion, but the contract was reportedly inflated by about Sh2.7 billion.

However, Sang said the tender was advertised as "international competitive tender" on January 16th and closed on February 28th 2013.

"For us to lose Sh95 billion, it means we would be out of business," he added.