The government, through the Capital Markets Authority (CMA), has turned its glare towards a family of previous priest, Nicholas Biwott, over a Ksh458 million petroleum managing.
As indicated by the controller, the child in-law to Biwott, Charles Field-Marsham, the organizer and administrator of Kestrel Capital, is allegedly the connection that prompted a legitimate oil company’s loss of the assets to insider exchanging.
Reports additionally asserted that Field-Marsham gave stock tips to his plotters, a move that saw the firm, which is as of now in the last phases of obtaining chats with a French organization, lose millions.
He joins two other suspects, Andre DeSimone, the executive director of Kestrel, and a stock broker.
“Upon review of the investigation findings and recommendations, the CMA board has resolved to initiate enforcement proceedings against the Kestrel Capital Executive Director, Mr. Andre DeSimone, Kestrel Capital Chairman & Founder, Mr. Charles Field-Marsham, and their stockbroking agent, Mr. Aly Khan Satchu, through issuing Notices to Show Cause,” reported The Standard.
On January 30, CMA offcials raided the oil company’s offices as part of an investigation of insider trading in the company’s shares before the announcement of a Ksh35 billion takeover in 2018.
The investigations took course after the officers retrieved sensitive information of text, e-mails and WhatsApp messages from the electronic devices.
According to his job description, Field-Marsham, through his company, offers strategic, investment and management consulting services mostly to his business outside the country.
Field-Marsham is married to Rita Field-Marsham who is a daughter to the late minister. Rita reportedly rejected the share of her father’s vast wealth that was awarded to her after his passing.
She is a lawyer and a humanitarian worker.