Four smoking guns, hazy figures, Eurobond billions held in US bank accounts and bogus letters

Treasury Cabinet Secretary Henry Rotich addresses the press over the Eurobond at State House Nairobi flanked by former Central Bank Governor Njuguna Ndung’u (right) and Solicitor General Njee Muturi. [Photo:FILE/STANDARD]

So the Eurobond $2 million — actually US$1,998,997,763 — was paid into the JP Morgan Chase account on June 24, 2014.

At the time, JP Morgan Chase had received no advice as to who the signatories to the account were. These were eventually sent, but then, despite the fact that June 30 is the end of the financial year in Kenya, it took more than a week before there was any action on the account. We were now into the next financial year, which posed a number of problems.