The 2009 Triton Oil Scandal

Triton Oil Scandal

The Triton oil scandal became public in January 2009. It involved unauthorized release of oil by Kenya Pipeline Company (KPC) without informing its financiers. The release of the oil occurred in 2008 when Triton Oil Company was allowed by KPC to withdraw oil amounting to Kshs 7.6 billion. The company collapsed after a short while, withdrawing the oil and selling it to the market.

Triton Oil was owned by Yagnesh Devani. Kenya issued a warrant to arrest him uppon this discovery. As of January 2010 he was at large and believed to be in hiding overseas.

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