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De La Rue wants erroneous MPs’ report expunged

17 August 2012, 10:25

Nairobi – British currency printing firm De La Rue says the Parliamentary Public Accounts Committee (PAC) should correct ‘false allegations’ made in its report released on August 1 that claimed they overcharged the government to produce bank notes.

De La Rue Group Director of Communications Rob Hutchison refuted the PAC report’s claim that the firm cost taxpayers close to Sh1.8 billion after overcharging the government about Sh5.6 billion to print 1.49 billion pieces of banknotes in short term contracts after the then Finance Minister Amos Kimunya cancelled a three-year deal to print 1.71 billion pieces of banknotes at a cost of Sh3.8 billion.

“De La Rue contributes a significant amount to the Kenyan economy and in the last three years, we estimate that is an excess of Sh3.9 billion and over Sh5 billion in the last five years,” he said.

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