Nairobi, KENYA: The high court has released Nandi Hills Member of Parliament Alfred Keter together with two businessmen on a sh.2 million shillings bail each and a bond of sh.5 million.
The trio who are facing 11 charges ranging from the forgery and making of false documents and conspiracy to defraud, were charged on Monday in a Nairobi court.
The MP alongside Madat Saburali and Artthur Sakwa both who are directors of Desai industries on 16th February at unknown date and place , within the Republic of Kenya jointly with others, are accused of having intention to defraud and without lawful authority made two headed letters of treasury bills worth sh 286 million and 347 million which were purported to have been issued and signed by Maina Warui the registrar, National Debt office at the Central Bank of Kenya.
The two treasury bills were dated on the 5th February 1990.
The three later denied the charges before chief Magistrate Francis Andanyi.
The Mp and The Desai Industries co-directors were arrested at Central Bank on Friday after seeking audience with Governor Patrick Njoroge over the T-Bills.
The prosecution wanted Saburali denied bail, claiming that he is using a forged ID but the request was denied.
The hearing of the case is scheduled on June 4.