Nairobi, Oct. 13 -- On the list of wealthy industrialists, Mathira MP Rigathi Gachagua hardly features. His billionaire status has been baffling state agencies, which are now seeking to understand how the Mt Kenya politician made his fortune.

The Assets Recovery Agency (ARA) is investigating how Sh12.5 billion passed through Mr Gachagua's three accounts for seven years and whether money laundering was involved.

Before the agency moved in, the MP allegedly withdrew Sh7.3 billion, disbursed it to various companies and invested a portion in some assets. As a result, the agency could only locate Sh5.2 billion.

The three accounts are being held at Rafiki Micro Finance and ARA has written to the bank seeking clarification on the money trail. ...