Company Directors Among 10 Arrested for Alleged Embezzlement of Ksh55 Million
Several company directors were among 10 individuals detained for suspiciously taking out Ksh55 million from the Ol Kalou National Government Constituencies Development Fund (NG-CDF).
The Ethics and Anti-Corruption Commission (EACC) announced the suspects would appear in court at the Nyahururu Anti-Corruption Court on Monday morning.
They allegedly misappropriated Ksh55.8 million, supposedly for road projects in the constituency that were never completed.
The suspects were detained and processed at the EACC Nyeri Regional Offices on Friday, May 3, 2024, in preparation for their court appearance.
The arrests followed a recommendation from the Office of the Director of Public Prosecutions (ODPP) to apprehend and charge 16 individuals for economic crimes.
DPP Renson Ingonga ordered the arraignment of the officials after finding their involvement in a Ksh62 million corruption case.
ALSO READ:
- Raila Ally Breaks Silence After Ruto-Uhuru Meeting
- Gachagua Close Ally Karungo Wa Thang’wa Accepts Ruto’s CBS Award
- Gov’t to Release Ksh.32 Billion to Counties Next Week – DP Kindiki
- High Court Strikes Down Ruto-Raila 2023 IEBC Amendment Bill
- Kenya Water Towers Agency Dissolved: Government Moves to Streamline State Corporations
A prior report indicated Ksh62 million was allocated to Ol Kalou NG-CDF accounts, with Ksh55.8 million being withdrawn without adherence to proper procedures.
Seven companies and their directors were allegedly working with NG-CDF officials in the fraudulent activities.
About three weeks prior, some officials involved in the scandal claimed the withdrawals were for different road projects.
However, the ODPP noted there was no documentation provided to validate these claims.
The accused face 16 charges related to corruption and economic crimes, with their initial court appearance scheduled for Monday at 9:00 am.
It remains uncertain if the EACC will arrest the other suspects.
Company Directors Among 10 Arrested for Alleged Embezzlement of Ksh55 Million
