This archive report was first published on 5 September 2019.
On September 4, 2019, DCI Chief George Kinoti confirmed the completion of their investigations into the Ksh 633 million Treasury bond forgery case against Nandi Hills MP Alfred Keter and his two business allies, giving the go-ahead for the case to proceed to a full hearing.
The case involves allegations that Keter and his allies presented 42 forged Treasury bills summing up to Sh634 million to the banks' regulator Central Bank of Kenya (CBK) and sought payment.
On February 16, 2019, the three allegedly presented forged Treasury bills valued at Ksh286 million, and made false documents, including a letterhead allegedly from CBK for Treasury bills amounting to Ksh 347 million, purporting to have been signed and issued by Maina Warui, the registrar at the CBK's National Debt office.
The prosecution also alleges that the three made similar bills on unknown occasions and places, totaling Sh347 million and Sh272 million, allegedly drawn at the Barclays Bank of Kenya, purporting it to be genuine, valid, and issued by the regulator CBK.
