In Summary
  • Pyrethrum Superannuation Pension scheme is owed in excess of Sh2 billion.

  • The audit report revealed that PPCK under declared rentable properties leased out to third parties including two state entities- Commodities Fund and Pest Control Board.

The cash-strapped Pyrethrum Processing Company of Kenya (PPCK) is on the spot for hiring casuals who were paid Sh20 million for no work done, a report by the Auditor-General Edward Ouko has revealed.

The report has also revealed how the Nakuru-based company undervalued its assets and undeclared rent from 200 properties.

CORRUPTION

The report says that the company, which has been dogged by corruption and mismanagement of resources in the past decade, failed to remit statutory deductions from workers despite the money being factored in the budget.

“The company failed to remit millions of shillings of workers' union dues, pension scheme, bank and loan repayments despite money being set aside in the budget " reads the report.

Pyrethrum Superannuation Pension scheme is owed in excess of Sh2 billion.

Most of the workers have retired while some of them have died without enjoying their pension.

 ROT

Mr Ouko, while exposing the rot at the state-funded corporation for the period 2017-2018, said that PPCK failed to declare rent it received from tenants.

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