War on Graft: Businessman  Mukuria Ngamau fined Sh700m for theft of YEDF cash

War on Graft: Businessman Mukuria Ngamau fined Sh700m for theft of YEDF cash

BY JOAN WANJIKU,NAIROBI,30TH SEPT 2021-An anti-corruption court has fined businessman Mukuria Ngamau Sh700 million for defrauding the Youth Enterprise Development Fund of Sh180 million.

Chief magistrate Douglas Ogoti on Thursday held that the director of Quorandum Limited irregularly acquired the money from the fund.

Ngamau will spend 27 years in jail if he defaults in paying the fine.

The magistrate further ordered the firm to compensate the fund Sh180 million, being the amount that was lost.

Ngamau’s co-accused in the case Bruce Odhiambo – then chairman of the fund, and Catherine Namuye Akelo – then CEO, have since passed away.

The magistrate sentenced Ngamau to seven years in jail for conspiracy to commit an economic crime contrary to the Anti-Corruption and Economic Crimes Act No. 3 of 2003.

The Sh720 million fine comprises a mandatory fine of Sh442 million for unlawful acquisition of public property contrary to the law.

Ngamau and Quorandum Limited have also been slapped with a mandatory fine of Sh258 million for unlawful acquisition of public property.

He was also jailed three years after being convicted of making of false documents contrary to the Penal Code.

“The court invoked section 51 and 54 of Anti-Corruption and Economic Crimes Act (ACECA) and ordered the accused to pay the Fund Sh180,364,789 in compensation to the Youth Fund,” a statement by EACC reads

The case followed investigations by the Ethics and Anti-Corruption Commission in 2015 having received information that officials from the Youth Enterprise Development Fund had conspired with a company known as Quorandum Limited to embezzle public funds.

EACC recommended charges against Catherine, Bruce, Mukuria Ngamau and Doreen Ng’ang’a – both directors of Quorandum Limited.

They were arrested in August 2016 and arraigned before the Nairobi- Milimani Anti-Corruption Court where they entered pleas.

EACC charges against Catherine and Bruce were abated having passed away during the pendency of the case.

“The court acquitted Ng’ang’a under Section 210 of the Criminal Procedure Code whilst finding that Mukuria Ngamau and Quorandum Limited had a case to answer.”

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