Nandi Hills MP Alfred Keter and two others have been released on a Ksh5 million bond or a cash bail of Sh 2 million each and directed to report to the Directorate of Criminal Investigations (DCI) once every week.

Keter and Desai Limited Directors Madat Saburali Chatur and Johnstone Arthur Sakwa were charged with conspiracy to defraud Central Bank of Kenya over Ksh600 million through forged Treasury Bills.

The three also face other charges including forgery and presenting false documents.

They are alleged to have committed the offences on February 16 2018 at the CBK headquarters in Nairobi County.

Jump bail

State counsels Daniel Karuri and Solomon Naulikha objected to the release of Madat Saburali Chatur on bond saying that his identity was yet to be confirmed and may jump bail, a request the suspect’s lawyer objected to stating that his identity had not been an issue in the case.

Chatur was however granted bond with the court ruling that the prosecution did not state any compelling reasons to warrant denial of bond.

Chief magistrate Francis Andayi directed the prosecution to provide the defense lawyers with CBK’s CCTV footage and all the documentary evidence they would rely on.

The court also asked Alfred Keter to request Safaricom to provide phone data of conversations between the MP and the CBK Governor Patrick Njoroge.

The case will be mentioned on March 5 2018 with hearing set for June 4 and 12 2018.