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Economic system
Businessman loses bid to quash Sh900m wonderful for looting Youth Fund
Thursday February 16 2023
The Excessive Courtroom has upheld the conviction of businessman Mukuria Ngamau who was fined Sh900 million final 12 months for looting public funds.
Mr Ngamau was discovered responsible of stealing Sh180 million from Youth Enterprise Improvement Fund and sentenced to 27 years in jail or pay the wonderful.
The businessman, the director of Quorandum Ltd, appealed the conviction and sentence on the Excessive Courtroom, arguing that the Justice of the Peace courtroom did not analyse the proof correctly and made a mistaken choice.
However Justice Esther Maina stated Mr Ngamau acquired cost for a young awarded to a different firm.
The courtroom solely quashed his conviction on fees of conspiracy to commit an financial crime, saying the trial courtroom acquitted different accused individuals charged alongside him, due to this fact, the cost couldn’t stand.
“With regard to different fees, the courtroom finds that the enchantment can’t succeed,” the choose stated.
Mr Ngamau was discovered responsible of a number of counts of illegal acquisition of public cash and making false paperwork. He dedicated the offences in Nairobi between November 17, 2014, and Might 4, 2015.
Proof confirmed that Mr Ngamau and his buying and selling firm acquired the cash with out rendering any providers and after forging contract paperwork to supply ICT consultancy providers.
On depend two of the acquisition of public cash, the courtroom fined him Sh442.8 million or a seven-year jail time period.
He was additionally slapped with a compulsory wonderful of Sh257 million, or seven years in jail in default and three years every for making a false doc.
The courtroom additionally directed him to refund the Sh180 million, which had been paid to his agency irregularly.
Learn: How Sh180 million stolen from Youth Fund was spent
Mr Ngamau had been charged with former Youth Fund chief govt officer Catherine Namuye and chairman Bruce Odhiambo, however each handed on whereas the case was pending in courtroom.
The courtroom additionally acquitted Doreen Ng’ang’a.
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