Nandi Hills MP Alfred Keter and two businessmen charged with forgery and conspiracy to defraud CBK

Nandi Hills MP Alfred Keter and businessman Johnstone Arthur Sakwa when they appeared at Milimani Law Courts, Nairobi, on Monday, February 19. [Photo: Courtesy]

Nandi Hills MP Alfred Keter, businessmen Arthur Sakwa and Madat Chatur have each been released on Sh2m cash bail.

Earlier on, they had been charged with 11 counts of forgery and conspiracy to defraud the Central Bank of Kenya of Treasury Bills worth Sh633m.

The three however denied all charges at the Milimani Law Courts today morning.

Keter alongside two businessmen Arthur Sakwa and Madat Chatur were arrested on Friday mid-morning at the CBK headquarters when they went to push for the payment of treasury bills worth Sh633 million.

They were accused of attempted theft after they presented the Treasury Bills which they intended to cash for that amount.

They were interrogated at Criminal Investigations (DCI) headquarters in Kiambu before being moved to Muthaiga Police Station where they were held until today.

According to CBK’s Director of Communications Wallace Kantai, the three presented a set of forged Treasury Bills  which were purportedly issued by the CBK a couple of years ago, in their claim for redemption.

They claimed that the certificates were issued against cash they lent to state in the year 1990.

The Nandi Hills MP was recently, he was among four Jubilee legislators which the party removed  from a House Committee.

The case will be mentioned on June 4.