Billionaire Jeremiah Kiereini Dies a Year after Implicating CMC Report

By Virginia Mwangi / May 14, 2019




Jeremiah Kiereini is dead. Sources close to his family say Jeremiah died on the evening of 13th May aged 90 years.

Kiereini was a recognized business mogul in Kenya and the former head of Public Service.

Jeremiah Kiereini, an established billionaire, served as former chairperson of the East African Breweries Limited (EABL) at one point. Kiereini authored a memoir ‘A Daunting Journey’, before his demise.

A Makerere University alumnus in Uganda, the late billionaire, and business mogul had also been employed by the Indian High Commission in the 1950s before joining the colonial Civil Service at the height of the Mau Mau uprising.

Kiereini hit the limelight again after his retirement when his two sons died in disturbing ways. In 2017, the body of Githae, Kiereini’s son, was discovered decomposed in an apartment. It was in the same apartment that Keireini’s other son had died six years earlier.

Pathologists were unable to conclude on the possible cause of death for Githae which remains a public mystery to date.

TODAYS UPDATES:

Kiereini was last year, March 2018, forced to pay a penalty of 131 million shillings for siphoning cash from the then publicly traded firm and stashing it abroad according to the regulator. Kiereini had been a Chairman of the delisted motor vehicle dealer CMC Holdings at the time he was accused of committing the crime with the Company’s CEO, Mark Forster.

In the audit report by South African law firm Webber Wentzel, Kiereini and Forster were named as having been aware of the existence of the secret offshore account.

The report comprehensively revealed how prices of imported vehicles were inflated and the excess cash was stashed in a secret account.

Kiereini’s death comes a year after the report was published and he went to court to challenge the findings and his implication.

President Kenyatta has condoled with the family of the late billionaire describing him as a towering reform-minded public servant and patriotic Kenyan who served his country with distinction.

READ: WhatsApp Discovers Vulnerability, Urges Users to Install the Latest Version 

“Mr. Kiereini was a polished patriot and loyal Kenyan who served this country with dedication as a public servant for over 30 years rising through the ranks to the position of Head of Public Service and Secretary to the Cabinet,” said the President.

President Uhuru also noted that the late Kiereini would remain an important part of Kenya’s public service history following his many achievements key among them being the role he played in the modernization of the Kenyan military when he served as Permanent Secretary in the Ministry of Defence.





More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (252)
  • July 2019 (340)
  • August 2019 (227)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (249)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (170)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950