Former CS Yatani and Joseph Kinyua Summoned in Ksh.6B Telkom Saga
The Finance and Communication joint committee is investigating the payment of Ksh.6 billion in the Telkom Kenya buyout scandal.
The committee has summoned several individuals to provide testimony and clarification on the matter.
Former Treasury Cabinet Secretary Ukur Yatani is required to explain why he authorized the payments and if a Cabinet meeting sanctioned them.
The committee has also summoned former Secretary to the Cabinet and Head of Public Service Joseph Kinyua and former Treasury Principal Secretary Julius Muia.
The Telkom Kenya Board Chair Eddy Njoroge has also been summoned to explain the dealings between Telkom, Helios Ltd, and Jamhuri Holdings, and why the government is still a minority shareholder in Telkom with 37.9% shares despite the Ksh.6 billion payout.
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The committee has also requested that Jamhuri Holdings’ directors appear before them, but Helios Investment Limited’s directors are located on Mauritius Island, Cayman Island, and the United Kingdom.
During the committee’s Thursday session, some members demanded that former ICT Cabinet Secretary Joe Mucheru be summoned.
Other individuals of interest include Bernard Ndungu, Director of General Accounting Services & Quality Assurance, and Stanley Kamau, Director of General Public Investments & Portfolio Management.
All individuals who have been summoned are required to appear before the committee starting Tuesday next week.
In summary, the joint committee on Finance and Communication is investigating the irregular payment of Ksh.6 billion in the Telkom Kenya buyout saga.
Several individuals have been summoned to provide clarity on the matter, including former Treasury Cabinet Secretary Ukur Yatani, former Secretary to the Cabinet and Head of Public Service Joseph Kinyua, and former Treasury Principal Secretary Julius Muia.
The Telkom Kenya Board Chair Eddy Njoroge has also been summoned, as well as individuals from Jamhuri Holdings and Helios Investment Limited.
The investigation is ongoing, and all persons of interest are required to appear before the committee.
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