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Entrepreneur Fined Ksh.720.8m or Sentenced to 27 Years in Prison for Defrauding Youth Fund

Businessman <a class=Mukuria Ngamau handed 27 years or Sh720mn fine over Youth Fund fraud » Capital News"/>

For cheating the Youth Enterprises Development Fund of Ksh 180 million, Quorandum Limited's Director Mukuria Ngamau was fined Ksh.720.8 million or sentenced to 27 years in prison, whichever comes first.

Also, Chief Magistrate Douglas Ogoti of the Milimani court ordered the trading firm to pay Ksh180 million in damages to the Youth Fund.

Five counts of corruption were found against him by a Nairobi court, including conspiracy to commit an economic crime, illegal acquisition of public property, and falsification of papers.

The infractions took place in 2014.

Authorities from the Youth Enterprise Development Fund collaborated with a business called Quorandum Limited to embezzle Kshs. 180,900,000 in 2015, according to a statement from the Ethics and Anti-Corruption Commission (EACC).

Businessman fined Ksh.720.8M, or serve a 27-year term for defrauding Youth  Fund -

The EACC said that after its investigations were completed, it submitted its report to the DPP, who agreed with recommendations to charge Catherine Nambuye Akelo, the Chief Executive Officer of the Youth Enterprise Development Fund, Bruce Odhiambo, the Chairman of the Youth Enterprise Development Fund, and Mukuria Ngamau and Doreen Ng'ang'a, the Directors of Quorandum Limited and Quorandum Limited with various offenses.

Police at Nairobi-Milimani Anti-Corruption Court, where they pleaded not guilty, detained and charged the accused in 2016.

“The first two accused persons, Catherine Namuye Akelo and Bruce Odhiambo passed away during the pendency of the case and the charges against them abated,” the EACC added. 

Section 210 of the Criminal Procedure Code would be used to acquit Doreen Ng'ang'a in April 2021.

Nairobi Businessman Sentenced to 27 Years in Prison

The same court ruled that Mukuria Ngamau and Quorandum Limited had a case to answer, and the prosecution ended up bringing 31 witnesses in total.

Mukuria Ngamau and Quorandum Limited were convicted on fraud-related offences by Chief Magistrate Douglas Ogoti on Thursday, September 30.

Content created and supplied by: shadrackkibetkirui (via Opera News )

Douglas Ogoti Ksh Nairobi Quorandum Limited Youth Enterprises Development Fund


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