Youth Fund ex-bosses deny Sh180 million fraud charges - News Summed Up

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Youth Fund ex-bosses deny Sh180 million fraud charges


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



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