Raila links CS Rotich and PS Kinyua to Eurobond funds scandal

Raila links CS Rotich and PS Kinyua to Eurobond funds scandal

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Cord leader Raila Odinga has named 8 top government officials among them National Treasury Cabinet Secretary Henry Rotich and Joseph Kinyua who is the head of public service in office of the President as people suspected to have siphoned Eurobond funds.

Others named are Treasury Permanent Secretary Dr Kamau Thugge, Former Governor for Central Bank of Kenya Prof. Njunguna Ndungu, Central Bank of Kenya Board Chairman Mohamed Nyaoga, Bernard Ndungu, a senior Accountant at the Treasury , Moses Muthui and John Birek all managers at CBK.

Odinga also named the following companies he claims are associated with the Eurobond scandal; P. Morgan, Standard Chartered Bank, Barclays Bank , City Bank , Qatar Bank and Dyer & Blayer which is associated with former Nairobi Stock Exchange boss Jimna Mbaru.

the opposition leader however called on President Uhuru Kenyatta to declare the Eurobond scandal a national disaster.

He also demanded that CS Treasury Henry Rotich , PS Kamau Thugge, Head of Public Service Joseph Kinyua and CBK Accountant Bernard Ndungu resign immediately and face prosecution.

“We expect top Treasury officials top step aside and an International forensic firm appointed to investigate the Eurobond transactions,”said Odinga

Raila had earlier issued a three day ultimatum to the government to name the Eurobond funds scandal suspects which lapsed on Wednesday.

“This morning I addressed the members of the Correspondents Association of Eat Africa on this issue of Eurobond and I had promised that after talking to them I would talk to local media on this” added Odinga

Raila had claimed that ksh 140 billion has been siphoned from the Eurobond funds.

More than ksh 260 billion was raised by the government through Eurobond.

CS Treasury Henry Rotich has persistently denied allegations the funds were siphoned saying that all the money raised were appropriately used in implementing several public projects which he is yet to name.