Henry M Rithaa: The Rogue CEO Behind the Sh800 Million MSEA Fraud
Fraud Alert: MSEA CEO Henry M Rithaa and the Sh800 Million Scandal
Recent revelations have raised serious concerns regarding Henry M. Rithaa, the CEO of the Micro and Small Enterprises Authority (MSEA), who is reportedly entangled in various corruption scandals, money laundering activities, and other serious offenses that remain under investigation. Our investigative team has uncovered that Rithaa oversees a critical department within the agency, which has allegedly facilitated fraud, embezzlement, and other corrupt practices.
A letter addressed to the Ethics and Anti-Corruption Commission (EACC) indicates that, during Rithaa’s leadership, substantial public funds—amounting to hundreds of millions of shillings allocated for the Constituency Industrial Development Centers (CIDC) Program—are unaccounted for. Alarmingly, it is estimated that approximately KSH 800 million intended to promote the growth of micro and small enterprises by leveraging local resources has seemingly vanished without a trace.
Well-informed sources within MSEA have provided our investigative team with a letter directed to the EACC, signed by several board members. This correspondence accuses Mr. Rithaa of managing the daily operations of the state corporation with a demeanor characterized by arrogance, intimidation, and threats, allegedly backed by former CS Peter Munya.
The letter outlines serious concerns regarding Mr. Rithaa’s leadership, particularly the inability to account for hundreds of millions of Kshs in public funds allocated for the constituency industrial development centers (CIDC) program. It is estimated that approximately Kshs 800 million, intended to foster the growth of micro and small enterprises (MSEs) by leveraging local resources for greater economic impact, has gone missing. Furthermore, the letter suggests that these funds may have been misappropriated in connection with the Azimio Coalition’s activities during the 2022 elections.
Join the Conversation: Submit Your Guest Posts to Chumamoto Media Today!
Email Us admin@chumamoto.co.ke
