In a rather interesting twist of events, Ethics and Anti-Corruption Commission (EACC) estimates up to Sh2 billion could have been lost due to inflated costs in the construction of the Lake Basin Mall as detectives near completion of investigations which could lead to the arrest of senior personalities.
Sources at EACC said so far investigations have narrowed down on 37 people. Detectives want to establish why the cost of the mall, which was opened last month, increased from Sh2.6 billion to Sh4.6 billion.
The suspects are said to be from both the Government and the Opposition sides.
Over 70 people have been questioned including Kisumu County Assembly Speaker Onyango Oloo, Jubilee Secretary General Raphael Tuju and former AG Githu Muigai.
The Director of Public Prosecutions (DPP) Noordin Haji is expected to act on the file which might expose the underhand dealings of senior Lake Victoria Basin Development Authority (LBDA) managers, lawyers and politicians.
The mall was built through a partnership between LBDA and Eda Man Properties, a Chinese developer, on a 20:80 basis.
The investigators also want to know why LBDA took a loan of Sh2.5 billion from Co-operative Bank.
They want to establish why government land was used to secure a loan from the bank without the consent of the Attorney General, the Government’s chief legal adviser.
The title deed of the multi-billion mall land is in the hands of Eda Man Properties.