Ben Stansall| AFP

Ex-Spencon owners plead for DCI probe

What you need to know:

  • A case filed in the United States in 2017 and another in Mauritius in which its founder Jitendra Chhotabhai Patel is seeking Sh5.1 billion exposed the intrigues that resulted in the collapse of the company.
  • Mr Patel said the Spencon intrigues began in 2011, five years after ECP Africa FII Investments LLC gave the construction company Sh1. 6 billion (US$15 million) as funds for capital expansion.

Before its collapse, Kenyan firm Spencon International was a giant in East Africa's construction industry, employing an estimated 5,000 workers across Africa.

Welcome!

You're all set to enjoy unlimited Prime content.