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Eurobond investigations complete, DPP says

06 January 2016, 17:13 William Korir

Nairobi - Investigations into the controversial KES 400 billion Eurobond spending has been completed, the office of the DPP has said.

The investigations have been taking place to ascertain whether the money has been spent in the right manner following complaints by activists and opposition leaders over the manner in which the cash has allegedly been spent.

The government has insisted that there was nothing wrong in the manner in which the money has been spent but opposition leaders led by CORD leader Raila Odinga believe that as much as KES 110 billion cannot be accounted for.

The DPP has in the meantime stated that after handing over the case to the Ethics and Anti Corruption Commision EACC and The Criminal Investigations Department DCI, the matter is close to completion.

" On 29 December 2015, the EACC wrote to my office and confirmed that the investigations are complete and that it would hand over a report on the matter by Friday 8 January 2016," DPP Keriako Tobiko said in a statement.

The government has stated that it will seek legal redress if there is no evidence found in regard to the financial misappropriation as stated by the CORD leader and others.

On the other hand, the opposition leaders have asked the government to point at the projects funded by the Eurobond, something that has yet to materialize.

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Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

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