Alfred Mutua on the spot as he explains acquisition of his wealth.
Former Machakos governor, Alfred Mutua on the spot as he explains his net worth, which equates to 420M.
Mutua revealed,”My net worth is approximately Ksh420 million. I have businesses including hotels, apartments, and a few businesses here and there.”
However, vetting legislators such as Ichungwah questioned why he is not giving a breakdown of how his wealth was acquired.
Ichungwah questioned,”You indicate that you are worth 420 Million on the deferred income and sources of income, you only listed pension and salary from Machakos county government.
“How much were you worth before you became governor? If the only other source of income is pension and the businesses you said you have here and there, do they constitute the sources you have indicated?”
Mutua answered that half of his wealth was acquired when he was working in the private sector.
Mutua explained,”Before I became governor, I was worth Ksh200 million from investments I made which grew. What I presented were assets in terms of land I acquired from the money I made from the Middle East, businesses that I started and I listed a few companies in which I am a shareholder.”
However, Junet refuted the statements saying that the hotel businesses owned by Mutua are worth more than what he was stating.
Junet contested,”I know this is a time when people want to be poor, do not fear being rich. Just tell us how much you are worth because, with that hotel, you cannot only be worth Ksh420 million, that, I refuse.”
Mutua defended himself saying yes he is the owner of the hotel but he could not include the worth of the hotel.
“The hotel in Machakos is still under credit and that is why the value I indicated is much less than I would want it to be. Hopefully when I own it 100 percent then the value will rise,” he clarified.
Also read Musalia Mudavadi reveals his net worth