Victoria Commercial Bank Chief Executive Officer Yogesh Pattni spent the better part of Monday, August 28 at the Directorate of Criminal Investigations (DCI) headquarters.
This was after DCI detectives from the Banking Fraud Investigations Unit picked him up from his Two Rivers Mall office.
Reports indicate that at the DCI, Yogesh was grilled over his bank’s role in helping Dubai-based firm – Vartox Resources Inc. – purchase debts owed by Mumias Sugar Company.
Mumias Sugar saga
He was also questioned on matters touching the ongoing Mumias Sugar insolvency case, as well as alleged money laundering as well as conspiracy to defraud, and fraud in relation to tax.
This is despite the fact that Yogesh had active orders from the Commercial Court at Milimani barring the DCI from questioning him about the Mumias Sugar Company Limited deal.
Yogesh has close links to Rai Group Chairman Jaswant Singh Rai.
Yogesh’s grilling at the DCI came hours after Rai was released by his ‘abductors’ after a dramatic abduction in broad daylight along Wood Avenue, Kilimani, on Friday, August 25 evening.
President William Ruto has given a stern warning to those he terms as ‘Sugar Cartels’ controlling Kenya’s sugar industry, promising to crack the whip on them.
“Kuna macartel wako pale sijui huyu anapeleka huyu kortini, sijui mwingine anasema alinunua nini mimi nimewaambia hao watu wote hakuna mtu ako na kitu hapo hao wakora wote watoke, hiyo kampuni ni ya wananchi na tutapangia upya hakuna kesi tuta entertainment, kesi watoe na wao wenyewe watoke na nimewaambia mambo ni matatu wakitaka kuniletea kisirani either wahame Kenya, ama nitawaweka jela ama wasafiri waende mbinguni jameni wametusumbua sana hapa Mumias,” President Ruto said on Monday, August 28 in Bungoma.