Tuesday July 23, 2019 - Fresh details have emerged over the ownership of Betin Kenya, a company that was denied a trading licence by Interior Cabinet Secretary, Fred Matiang’i, three weeks ago.
Betin is one of the largest sports betting firms in Kenya and whose shareholders include the Deputy President William Ruto. The DP is a shareholder through proxies.
According to sources, Ruto bought shares in Betin, which has its origins in Italy, when it set foot in Kenya through his daughter, June Chepchirchir who holds a senior rank of the second counselor in the Kenyan embassy in Rome, Italy.
According to State Law Office, Betin Kenya shareholders include Coast-based Italian millionaires Domenico Giovando and Leandro Giovando – both managing directors of the betting company.
Other shareholders are Mauritius-based Samson Capital and Joseph Yogo, who is suspected to be the proxy of DP.
Dominic Giovando is Managing Director of Eurobet Italia, a subsidiary of Gala Coral Limited, operating as Sportbook Company.
Sources add that the DP acquired the shares in December 2018 when he toured Italy allegedly to woo investors.
The Kenyan DAILY POST