John Mbuu News Today

CBK to recover Sh727m stolen bonds from banker Monday April 12 2021 By JOSEPH WANGUI Summary The Court of Appeal has dismissed a petition from Jignesh Desai that sought to bar the CBK from recovering the millions of shillings. Mr Desai was accused of facilitating the opening of a bank account for Mpesha Ltd – a briefcase company –that was set up as a conduit to siphon millions of shillings from the CBK. Under the scheme, proceeds of Treasury bonds worth Sh205 million under CBA Capital and M...