Prop­erty sale halted in youth cash case

The apart­ment was al­legedly bought with part of the Sh180 mil­lion stolen from the Youth En­ter­prise Devel­op­ment Fund. Judge Ong’udi pro­hib­ited the trans­fer, mort­gage, at­tach­ment, dis­posal of the prop­erty

The Star (Kenya) - - Politics Judiciary - CA­ROLE MAINA @MainaCa­role

The High Court yes­ter­day is­sued or­ders stop­ping the trans­fer and sale of a lux­ury apart­ment. The apart­ment was al­legedly bought with part of the Sh180 mil­lion stolen from the Youth En­ter­prise Devel­op­ment Fund.

In the rul­ing, Jus­tice Hed­wig Ong’udi pro­hib­ited the trans­fer, mort­gage, at­tach­ment, dis­posal of or any other deal­ing with the prop­erty, a du­plex apart­ment in Kile­leshwa, Nairobi, for six months.

The or­ders were is­sued fol­low­ing an ap­pli­ca­tion by the As­set Re­cov­ery Agency. Ong’udi also or­dered busi­ness­man Ezekiel Otieno to de­posit Sh8,800,000 in an escrow ac­count to be held jointly by him and the agency, pend­ing the de­ter­mi­na­tion of the suit.

“The money should be de­posited in an escrow ac­count within the next 30 days,” the judge said.

Sus­pended Youth En­ter­prise Devel­op­ment Fund boss Cather­ine Na­muye and former board chair­man Bruce Od­hi­ambo have been charged with 12 counts of cor­rup­tion in re­la­tion to the loss of Sh180 mil­lion from the Fund.

ARA in court doc­u­ments says the DCI es­tab­lished the funds were fraud­u­lently trans­ferred by Quo­ran­dum Ltd from the Fund and used to pur­chase the apart­ment for Sh48,500,000.

Otieno is a ben­e­fi­ciary of Sh8,800,000, be­ing part of funds trans­ferred from the bank ac­count of the YEDF. The prop­erty was al­legedly bought from Duchess Park Devel­op­ment Com­pany Ltd.

Oth­ers charged over the Youth Fund theft are Mukuria Nga­mau and Doreen Waithera.

/PHILIP KAMAKYA

Doreen Waithera, Mukuria Nga­mau, sus­pended Youth En­ter­prise Devel­op­ment Fund chair­man Bruce Od­hi­ambo and CEO Cather­ine Na­muye at the Mil­i­mani law courts on Au­gust 26

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