The firm forged a performance bond to land lucrative well drilling contract in Baringo.
A Chinese firm is set to be banned from State tenders in Kenya for falsifying a bank document to secure a multibillion-shilling contract to drill geothermal wells in Baringo.
The Ethics and Anti-Corruption Commission (EACC) said investigations established that Hong Kong Offshore Oilfield Supply and Logistics (HOOSL) forged a $5.85 million (Sh667 million) performance bond from the Industrial and Commercial Bank of China to secure the contract to drill up to 20 wells for the State-run Geothermal Development Company (GDC). A performance bond is usually provided by a bank or an insurance firm to ensure a contractor completes a given task.
