Rogue Eric Nguku Mbiu Escobar’s Kenya Limited account with Sh 34M Frozen over KNH Fraud, Scam
The Assets Recovery Agency has moved to court seeking orders to freeze the bank accounts of a man suspected to be involved in the Sh 34,441,587.35 Kenyatta National Hospital scam.
Eric Nguku Mbiu who is the director of Escobar Kenya Limited is suspected to be part of a syndicate involved in a money laundering scheme which fraudulently diverted the above funds from KNH. The funds were intended for repayment of KNH staff loan.
According to the investigating officer Kipkurui Serem, Mbiu’s company was registered in 2014 and has a bank account at the National Bank of Kenya which holds Sh 14,280,345.80. He is the sole signatory and ultimate beneficiary of his company’s account.
He also holds a personal account at the same bank which holds Sh 358,556.33.
The court heard that the compa...