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Former CBK governor summoned over De La Rue

04 May 2012, 10:05

Nairobi - Former Central Bank of Kenya (CBK) Governor Andrew Mulei  has been forcefully summoned by Parliament’s Public Accounts Committee (PAC), as he failed to honor a similar invitation for a second time.

Speaking to Capital News, PAC Chairman Boni Khalwale asserted that they are now directing that official legal summons be issued to Mulei so that he appears before the Committee, as he is expected to shed light on the controversial money-printing contracts with UK printing firm De La Rue.

Meanwhile, a De La Rue team that testified before the PAC on Thursday has now acknowledged that the firm will fall without the 10 year  guaranteed printing contract from the CBK the proposed Joint Venture (JV), in which the government is seeking a 40 percent stake in the money-printing firm.

- For more visit Capital News


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