Barclays bank trapped in dam bribes. – Weekly Citizen

Barclays Kenya

Barclays bank has been trapped into damning corruption allegations following revelations that the financial institution was used to smuggle billions of shillings from Italy meant for construction of dams in Kenya.

The cartels involved in the  transaction worked on a complicated scheme that saw them opening a bank account at Barclays Westlands branch where they received sh. 4 billion from Italy.

The sh. 6.3 billion- 10 percent of the total cost for the two dams – was wired by Treasury to Milan in Italy in 2017.

However, the Directorate of Criminal Investigations DCI says sh. 4 billion was rerouted to a bank in London and soon after to another bank in Nairobi and which has turned out to be Barclays.

Once in Nairobi, the money which was part of sh. 6.3 billion for mobilization of resources to enable Italian firm, CMC di Ravenna start projects was withdrawn by the cartels in US dollars from the Westlands branch