Former Youth Fund CEO Catherine Namuye, chairman Bruce odhiambo and two others have denied allegations of defrauding the kitty of Sh180 million. Mukuria Ngamau and Doreen Waithera- a couple - and directors of Quorandum Limited were given a cash bail of Sh1 million. On Thursday, MPs adopted a report that recommends the investigation and prosecution of those who misappropriated over Sh180 million at Youth Enterprise Development Fund. This is after the National Assembly's Public Investments Committee (PIC) tabled a report revealing how Sh180 million was stolen from the Youth Enterprise Development Fund (YEDF) was used. Read: Youth Fund officials step aside to aid probe into Sh180m scamNgamau is accused of using his company Quorandum Limited’s Chase Bank account to receive money from the Youth Fund.
Source: The Star August 26, 2016 12:45 UTC