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
Latest News

The battle for survival

More than 50 local airlines have emerged and collapsed since Nigeria’s independence in 1960 and, as Chukwu Emeke reports, the cycle looks set to continue.

Ethiopian to start Flights to Barcelona

Ethiopian Airlines has finalised preparations to launch new flight services to Barcelona, Spain as of July 01, 2018, deploying the ultra-modern B787– 800 Dreamliner.

Livingstone right to presumes it could have a great future

Victoria Falls is one of Africa’s greatest tourist attractions and Zambia has been investing in its airport at Livingstone, which bears the name of a national hero. Humphrey Nkonde reports.

Airbus A330neo en route to function and reliability tests

The A330neo, Airbus’ newest widebody aircraft, has embarked on a worldwide tour to demonstrate its readiness for airline operations.

African Air Expo to take place in November

African Air Expo will take place at King Shaka International Airport in Durban between November 27-29, 2019.

Air Force chief takes over as Civil Aviation Minister in Egypt

Following a restructuring of the Egyptian government’s cabinet, Air Marshal Younes Al Masry has been appointed as the country’s Civil Aviation Minister.

TAA SK0902311218
See us at
AAD2018 BTAirCargoAFA_BT220318210219GroundHandling BT2205130918