Tobiko demands Eurobond probe file in 10 days

December 2, 2015 7:27 am
Tobiko asked the CID and EACC to conclude their probe and present their file in 10 days.
Tobiko asked the CID and EACC to conclude their probe and present their file in 10 days.

, NAIROBI, Kenya, Dec 2 – The Director of Public Prosecutions (DPP) Keriako Tobiko has ordered the Ethics and Anti Corruption Commission (EACC) and the CID to complete investigations on the Eurobond within 10 days.

In a statement, Tobiko wants the State agencies to interrogate all those concerned with the Eurobond before submitting the investigations file to his office.

“In the last couple of months, it has been widely reported in the media about various allegations concernig the above subject matter. I am informed that your respective agencies have commenced and are undertaking investigations into the matter,” he stated.

“This is therefore to direct you to interrogate, record statements and obtain evidence from all parties concerned and forward the completed file to my office within 10 days for perusal and appropriate directions.”

The directive followed an invitation by Treasury Cabinet Secretary Henry Rotich to CORD leader Raila Odinga for a meeting to respond to all his concerns over the Eurobond saga after he issued a 14-day ultimatum to be furnished with the information.

Rotich said he was willing to submit all the information in both hard and soft copies to the opposition leader’s satisfaction.

Odinga had demanded full disclosure of expenditure, statements and account details showing the utilization of the Eurobond monies amounting to Sh250 billion and had written to four offshore banks based in the UK and the United Arab Emirates together with the Central Bank over the matter.

The opposition leader also demanded details of the proceeds of the Eurobond credited to the Consolidated Fund and a breakdown of how the monies were spent and what they were spent on.

Odinga further claimed the government cannot account for over Sh140 billion Eurobond cash stating that the government’s books regarding the Eurobond did not balance and had been cooked.

While the government has defended itself over accusations of misappropriating the Eurobond monies, questions are still being raised over the actual amounts and whether the loan was totally beneficial to the country.

Just last week, the National Treasury expressed the intention to borrow another syndicated loan to be used for infrastructure development amid the chagrin of many Kenyans.


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