The 2009 Triton Oil scandal involved the unauthorized release of

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturate ...

Kenya Pipeline Company Kenya Pipeline Company (''KPC'') is a state corporation that has the responsibility of transporting, storing and delivering petroleum products to the consumers of Kenya by its pipeline system and oil depot network. Overview The Kenya Pipeline ...

(KPC) without informing financiers. This oil scandal became public in January 2009. The release of the oil occurred in 2008 when Triton Oil Company was allowed by KPC to withdraw oil amounting to KSh.7.6 billion/= or (

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

98.7 million). The company collapsed shortly afterward, withdrawing the oil and selling it to the market. Triton Oil was owned by Yagnesh Devani. Kenya has issued a warrant to arrest him, but as of January 2010 he was at large and believed to be in hiding abroad.Daily Nation, January 2, 2009: o end to Triton saga one year on http://www.nation.co.ke/business/news/-/1006/834932/-/hejqv2z/-/index.html/ref> The UK government has reportedly extradited business tycoon Yagnesh Mohanlal Devani back to Kenya to face charges over a jet fuel fraud. The fuel scam, often known as the Triton scandal, was allegedly made through Mr Devani’s company, Triton Petroleum Ltd, in 2008. Authorities said that Kenya risked losing about $50m (£40m) in the scam. The Kenyan government has been seeking to bring Mr Devani back to Kenya for years after he fled in the wake of the scandal. He was last week "quietly" extradited from Britain, charged in a Nairobi court then freed on bond, Kenya's Daily Nation newspaper reports. In May 2020, the Court of Appeal in the UK dismissed his application seeking asylum in the UK, effectively allowing his extradition to Kenya to face 19 charges of fraud. The case will be mentioned on 12 February for pre-trial.

References

Politics of Kenya Triton Oil Scandal Triton Oil Scandal Law of Kenya Corruption in Kenya {{Kenya-stub