Details have emerged showing how the Sh180 million stolen from the Youth Enterprise Development Fund was shared out.
An anti-corruption court on Thursday fined businessman Mukuria Ngamau Sh700 million for defrauding the Fund of the money.
Chief magistrate Douglas Ogoti held that the director of Quorandum Limited irregularly acquired the money.
Ngamau will spend 27 years in jail if he defaults in paying the fine, having been found guilty of five counts of looting seven years ago.
The magistrate further ordered the businessman, and by extension his company, to compensate the fund Sh180 million, being the amount that was lost.
The money trail by the Ethics and Anti-Corruption Commission revealed that the cash was moved from the YEDF account at Chase Bank to Quorandum Ltd at the same bank from where it was wired to different persons.
Based on EACC submission in court, Sh49.4 million was moved to Quorandum Ltd’s account at Standard Chartered Bank from which Bruce Odhiambo received Sh3.3 million, while Sh5.5 million was wired to one Ezekiel Owuor.
Some Sh48 million was moved from Quorandum’s Chase Bank account to Duchess Park Development Company Ltd’s account at I&M Bank with another Sh2.24 million to Dilshad Mohammed.
The EACC documents show that some Sh880,000 was paid to Yogesh Kumar, with another 57,000 British Pound to Britcom International Ltd.
Also drawn from Quorandum’s Chase Bank account was Sh1 million to one Abdi Mohammed, Sh1.5 million to Gigtych Africa Ltd, Sh1 million to Simis Engineering, Sh4.5 million to Rock Plant Kenya, Sh3 million to Gigsavvy Plus Ltd and Sh18 million to Ngigi Mbugua and Advocates.
Ngamau’s co-accused in the case Bruce Odhiambo, then-chairman of the fund, and Catherine Namuye Akelo, then-CEO, have since died.
He was found guilty of conspiracy to commit an economic crime, unlawful acquisition of public property, and making false documents between November 2014 and May 2015.
Each of the counts was allocated different fines and jail terms after evidence showed that Ngamau received the money without rendering any services, purported to be of ICT in nature, to the Fund.
The magistrate sentenced Ngamau to seven years in jail for conspiracy to commit an economic crime contrary to the Anti-Corruption and Economic Crimes Act, 2003.
The Sh720 million fine comprises a mandatory fine of Sh442 million for unlawful acquisition of public property.