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MP Keter, 2 others deny Sh633mn Treasury Bills fraud

The lawmaker, businessmen Madat Saburali Chatur and Johnstone Arthur Sakwa allegedly committed the offence on Friday last week at CBK headquarters/cfm news

NAIROBI, Kenya, Feb 19 – Nandi Hills Member of Parliament Alfred Keter and two others have denied conspiracy to defraud Central Bank of Kenya (CBK) of Sh633 million by presenting forged Treasury Bills.

The lawmaker, businessmen Madat Saburali Chatur and Johnstone Arthur Sakwa allegedly committed the offence on Friday last week at the CBK headquarters.

The three also face five counts of making false documents namely the Treasury Bills without lawful authority and purporting them to be genuine.

The T-Bills were allegedly issued and signed by Maina Warui, the Registrar National Debit Office at CBK.

The three have further denied forging two letterheads from the bank’s regulator for Treasury Bills worth Sh286 million.

Also denied is a charge of uttering a false document to Kennedy Kaunda, Director of Legal Services at CBK.

The prosecution had opposed the release of Chatur on bail for presenting an ID that belongs to someone else.

Nairobi chief magistrate Francis Andayi had been urged to find that he is a flight risk and should only be freed after his identity is established.

Andayi has however declined the application and released each of them on cash bail of Sh2 million.

The magistrate says no sufficient evidence has been adduced to show that Chatur is not the same person on the Identity Card.

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