Energy Execs Resign Amid Fuel Price Manipulation Scandal in Kenya
Five top Kenyan energy officials arrested for allegedly exploiting the fuel crisis to purchase emergency fuel at inflated prices, sparking a government probe.
Kenyan energy executives have resigned amid a widening investigation into allegations of fuel price manipulation. Five senior figures were recently arrested on charges of purchasing an emergency fuel shipment at inflated prices, seeking to exploit the ongoing fuel crisis caused by the war in Ukraine.
The arrests come as the Kenyan government cracks down on potential profiteering and price gouging in the energy sector. Authorities claim the executives tried to take advantage of the supply shortages and price volatility to line their own pockets at the expense of Kenyan consumers.
{{IMAGE_PLACEHOLDER}}Source: Deutsche Welle
