DCI clears three aviation tycoons in Sh100bn money

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DCI clears three aviation tycoons in Sh100bn money

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DCI clears three aviation tycoons in Sh100bn money

The Director of Criminal Investigations (DCI) has dismissed a complaint by part owner of Bluebird Aviation that his partners have siphoned more than $1 billion (Sh103 billion) from the airline through tax evasion, fraud and money laundering.

Filings in court show that the DCI has cleared three shareholders and executives of Bluebird — Hussein Farah, Unshur Mohamed and Mohamed Abdikadir — from financial malpractices after a nine-month investigation.

The investigation followed a criminal complaint from Bluebird Aviation part owner Yussuf Adan against his fellow shareholders, accusing them of fraudulently channelling massive funds out of the company as part of a money laundering scheme.

He sought the DCI to probe Mr Farah, Mr Mohamed and Mr Abdikadir — for fraudulent accounting, tax evasion, fraud and money laundering.

“The investigations have not established facts that may warrant the mounting of a prosecutable criminal case,” John Kariuki, director of the Investigations Bureau at the DCI said in the clearance notice filed in court on August 28.

“The complainant did not provide the foundation for his allegations … and where he made claims, we found those claims far-fetched.”

 

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DCI clears three aviation tycoons in Sh100bn money Reviewed by on September 18, 2019 .

Share thisFacebookTwitterPinterestEmailWhatsAppDCI clears three aviation tycoons in Sh100bn money The Director of Criminal Investigations (DCI) has dismissed a complaint by part owner of Bluebird Aviation that his partners have siphoned more than $1 billion (Sh103 billion) from the airline through tax evasion, fraud and money laundering. Filings in court show that the DCI has cleared

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