Returns of Pan African Bank show that besides Aslam, who held majority shares through Plaza Investments Limited, other shareholders, included then State House Comptroller Abraham Kiptanui and a Mr Hedam. Some of the shares were later transferred to Kimya Investments and Mr M.H. da Gama Rose.
When Aslam sought to build the hotel in 1985, the fully paid-up capital of 2,000 shares was divided between Daniel arap Moi (800), Aslam (1,020), C. Kirubi (80), W. Murungi (60) and G. Lindi (40).
As the Minister for Finance, Prof Saitoti found himself at the heart of these intricate transactions; a web that he could never leave at will.
At the Treasury, he had walked into businessman Kamlesh Pattni’s Goldenberg International conundrum and approved a proposal to give the company compensation and monopoly for the export of non-existent diamonds and gold. Four months after he was poisoned, he had returned to Treasury to prepare for the June 1990 Budget Speech.
Behind the scenes, Hezekiah Oyugi, the influential Permanent Secretary in the President’s Office, had pushed for a gold export compensation scheme for approval by the Treasury.
Then, the company involved was Arum Limited and months before Prof Saitoti was poisoned, he had received a note from Mr John Keen, who was an Assistant Minister of State in the Office of the President, suggesting that gold exporters be granted a subsidy to compete favourably with smugglers.
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