Sugar billionaire Jaswant Singh Rai is a man in deep trouble.
He is currently embroiled in a complex web of money laundering allegations, links to powerful politicians and endless scandals within his sugar empire.
This latest saga that centers around Rai’s alleged involvement in illicit financial activities and his close ties to influential political figures began on Friday, August 25, 2022, with a purported abduction caught on CCTV cameras, as Rai was seemingly apprehended by unknown individuals who appeared to be police officers near Wood Avenue, Kilimani.
However, exclusive information obtained by our sources suggests this abduction could be a well-orchestrated ploy to garner sympathy and divert attention from the investigation for money laundering and other crimes involving his sugar empire and his association with the Kenyatta family.
However, exclusive information obtained by our sources suggests this abduction could be a well-orchestrated ploy to garner sympathy and divert attention from the investigation for money laundering and other crimes involving his sugar empire and his association with the Kenyatta family.
Jaswant Singh Rai is the owner of Rai Group of Companies, which includes West Kenya Sugar Company, Sukari Industries, Menengai Oil Refineries, Kinyara Sugar Works in Uganda, and Rai Paper Mills in Webuye.
He is also a 40% owner of Victoria Commercial Bank (VCB) under proxies.
This allows him to use the bank for all his dirty work.
Our source reveals that Jaswant Singh Rai and Yogesh Pattni, the Managing Director at Victoria Commercial Bank Ltd, were both recently held for hours by the Directorate of Criminal Investigations (DCI) at a Nairobi airport on money laundering-related issues.
They were taken to DCI headquarters for grilling.
It is reported that Jaswant Singh Rai and his associates are frustrating investigators into a money laundering scheme using Victoria Commercial Bank (VCB).
The Central Bank of Kenya (CBK) is also investigating the matter.
Harveen Gadhoke, Partner at Adili Associates LLP, is also under investigation.
Reports say that at DCI, Jaswant Singh Rai was questioned on other issues relating to his association with the Kenyatta family.
He is reportedly very close to Muhoho Kenyatta, the young brother of former president Uhuru Kenyatta.
During Uhuru regime, Jaswant was linked to the controversial importation of the mercury-poisoned sugar that was stored in Nairobi Industrial Area godowns and their Rai Paper Mills in Webuye.
Our investigative team has established that DCI officers questioned Jaswant if he was financing the opposition.
During the last general elections in 2022, Jaswant was one of those who financed Raila Odinga’s presidential bid to the tune of Sh2 billion.
He reportedly channeled his money via Muhoho.
Sources say that at DCI, Jaswant was sweating profusely, and when told he would spend a night in police cells, he urinated in his trousers as his aides reached out to a former Cabinet Secretary to bail him out.
By using his money and power, Jaswant did not appear in court but his file is still open.
Whether he spent a night at the Muthaiga police cell or not still remains a mystery.
Apart from funding opposition demonstrations, Jaswant was also questioned on what he knows about Vartox Resources Ltd, a Dubai-based firm.
Vartox is incorporated in British Virgin Island, a well-known tax haven.
It is also a home of notorious shell companies.
One Kristian Khachatourian is Vartox director in the United Arab Emirates.
Vartox Resources Inc in the Mumias leasing court battles in which Jaswant had interest had accused Kenya Commercial Bank and Mumias Sugar Company then received manager Ponangipali Ramana Rai of selling assets of insolvent companies at throwaway prices.
Jaswant Singh Rai and his associates have sought anticipatory bail but the money laundering charges are still being pressed.
His family even went and reported the matter to the police, claiming that he is missing.
They gave a report with the number OB 21/26/08/2023.
As this drama slowly unfolds, all eyes turn to Jaswant Singh Rai and his role in this saga.
Is he a just a target, or a cunning orchestrator of a complex web of money laundering, political manipulation, and corruption?
It is clear that he has used his enormous wealth and power to dodge justice and responsibility for his crimes.
He violated the law by importing poisoned sugar and hiding his money in offshore accounts.
He has also exploited his connections to the Kenyatta family to gain favors and protection from consequences.
But did he fake his own abduction?
This would show how desperate he is to escape the law and fool the public.
Is he trying to leverage his influence and networks to avoid prosecution and accountability?
Such actions should not go unpunished.
Our investigative team is working tirelessly to dig deeper into this matter, and we are determined to expose the truth and bring you exclusive updates.
This is a developing story and we will keep you informed as more details emerge we will keep you informed as more details emerge.
