Absa auctions 40 cars linked to Itare dam scam

Absa Bank Kenya

Absa head office in Westlands, Nairobi. 

Photo credit: File | Nation Media Group

Absa Bank Kenya #ticker:ABSA has put up for auction over 40 vehicles purchased by a bankrupt Italian firm for use in the construction of the controversial Itare Dam in Nakuru over a Sh585 million loan.

The forced sale of the seized vehicles and equipment -- including Isuzu D/Max, tippers, prime movers and cranes -- has been scheduled for October 28, according to a notice issued by Phillips International Auctioneers.

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