in Business & Finance

CEO of Kenya's Baracuda Airways arrested for fraud

Posted 28 February 2017 · Add Comment

The Chief Executive Officer of Kenyan start-up Baracuda Airways has been arrested on allegations of fraud, reports ch-aviation.

John Majiwa was tracked down and taken into custody this past weekend and has been charged with scamming more than forty investors out of KES200 million (USD1.9 million), according to Kenyan newspaper The Star.

The Kenyan Flying Squad, which deals with serious crimes, Majiwa used the names of prominent Kenyans to scam investors. He claimed that Deputy President William Ruto and Ngina Kenyatta, the former first lady, were shareholders.

Some victims of the fraud were pilots, co-pilots and cabin crew, who were told they had to pay up front for training and would be reimbursed once investor funds became clear. Later, Majiwa allegedly told these potential employees to deposit money into his account in order to activate it, so that Prince Rahim of Saudi Arabia could invest in the 'airline'

The Star report quotes an anonymous source who says that she and five other trainees launched their own inquiry into Majiwa after becoming suspicious. They discovered that Rahim had rejected an offer to invest in Baracuda Airways after learning that the airline had not secured any aircraft. The trainees were allegedly offered management positions in the company to retain their loyalty, but were later sacked when Majiwa became aware of their investigation.

Baracuda Airways Holdings was granted a one-year air service license by the Kenya Civil Aviation Authority in January 2017 to operate non-scheduled air services from Kenya to destinations in Africa, the Middle East and Europe, effective April 2017.

* required field

Post a comment

Other Stories
Advertisement
Latest News

The new CEO of RwandAir takes up office

The outgoing Chief Executive Officer of RwandAir, Chance Ndagano has officially handed over to Yvonne Manzi Makolo after her appointment as the new Chief Executive Officer of RwandAir last Friday.

ATNS official elected to key Industry position

Air Traffic and Navigation Service (ATNS) SOC Senior Air Traffic Controller, Peter Van Rooyen, has been elected Executive Vice-President of the International Federation of Air Traffic Controllers' Associations (IFATCA).

Emirates renews its support to Mauritius and Seychelles

Emirates has announced its renewed support to Mauritius and the Seychelles by extending its global marketing agreement with the respective Tourism Boards of the two countries.

Global standards, collaboration are key to future of ground handling

The International Air Transport Association (IATA) has highlighted three key priorities for the ground handling industry to support the growing demand for air travel: harmonizing global standards to improve safety, improving

SAA retains 4-Star Skytrax ranking

South African Airways (SAA) has maintained a 4-Star Skytrax ranking, in both Business and Economy Class, for a 16th consecutive year.

Aviation Africa 2018: Cyber security: Not if, but when

An airline’s greatest cyber-security threat may also be its most precious asset – its staff – according to panellists speaking at Aviation Africa in Cairo. Victoria Moores reports.

TAA SK0902311218
See us at
AAD2018 BTGlobal Aerospace BT010518AirCargoAFA_BT220318210219