DCI dragged into airline Ksh.100B boardroom war


DCI dragged into airline Ksh.100B boardroom war

In Summary

  • In his complaint, Mr. Adan claims that more than Ksh.100 billion has been siphoned from the airline over the last 27 years it has been operation urging the Directorate of Criminal Investigations (DCI) to investigate.
  • Adan further accuses the three executives of fraudulently channeling massive funds out of the company and running two separate bools of accounts as part of an alleged money laundering scheme.
  • According to Mr. Adan, some of the allegedly stolen money is stashed in cash in offshore accounts while some is invested in countries like Mauritius, South Africa, Somali, UAE, Dubai, USA, Canada and Britain.

One of the co-founders of Bluebird Aviation, one of Kenya’s largest chartered flight operators has filed a criminal complaint against three of its shareholders and executives of the company.

Mr. Yussuf Adan accuses the three;Hussein Farah, Unshur Mohamed and Mohamed Abdikadir of alleged involvement in tax evasion, fraud and money laundering.

In his complaint, Mr. Adan claims that more than Ksh.100 billion has been siphoned from the airline over the last 27 years it has been operation urging the Directorate of Criminal Investigations (DCI) to investigate.

Adan further accuses the three executives of fraudulently channeling massive funds out of the company and running two separate bools of accounts as part of an alleged money laundering scheme.

According to Mr. Adan, some of the allegedly stolen money is stashed in cash in offshore accounts while some is invested in countries like Mauritius, South Africa, Somali, UAE, Dubai, USA, Canada and Britain.

This comes amid an ongoing legal dispute filed by Mr. Yussuf against his Co-directors at Bluebird Aviation.

In the case filed at the Milimani Courts in Nairobi, the petitioner wants the company dissolved on grounds that the other three directors have never involved him in the company affairs.

Mr Adan wants the DCI to also use the accusations made in the court case to investigate the three co-founders.

“Apart from totally excluding Mr Yussuf from the affairs of the company, the other three directors have never shared with him any financial details of the company,” reads part of the court documents.

Bluebird Aviation has a fleet of over 21 planes.

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