Ruto’s Amaco insurance Company under investigation for defrauding Kenya Pipeline

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Detectives are investigating how an insurance company associated with Deputy President William Ruto was brought on board by Kenya Pipeline Company (KPC) midway through an ongoing multi-million-shilling contract.

Africa Merchant Assurance Company (Amaco) Ltd had not participated in the tender number KPC/PU/001-OT/16 for KPC’s “All Risk Industrial and Terrorism & Sabotage Cover”, a three-year contract that was won by CIC Insurance.

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However, Amaco somehow eventually got 30 per cent of the business while CIC holds 70 per cent as the lead underwriter. AIG Kenya Insurance Company Ltd holds the Public Liability Policy.

How the troubled Amaco, which has been facing threats from auctioneers, managed to get the lucrative insurance contract is now the subject of investigation by the Directorate of Criminal Investigation (DCI) that suspects fraud. The investigators are also looking into how AIG won the public liability policy despite having not been recommended for award.

DCI boss George Kinoti confirmed the latest investigation, saying he was “going after all those who stole at KPC and other public institutions