Former Youth Fund CEO Catherine Namuye, chairman Bruce odhiambo and two others have denied allegations of defrauding the kitty of Sh180 million.
Magistrate Felix Kombo on Friday granted each of the accused Sh5 million bond with surety of a similar amount or an alternative cash bail of Sh2 million for Namuye and Bruce.
Mukuria Ngamau and Doreen Waithera - a couple - and directors of Quorandum Limited were given a cash bail of Sh1 million.
They were also directed to deposit their travel documents with the court, which the defense is currently seeking leave to challenge.
On Thursday, MPs
adopted a report that recommends the investigation and prosecution of those who misappropriated over Sh180 million at Youth Enterprise Development Fund.
DCI Director Ndegwa Muhoro and EACC were given two months to report the action taken against
,
and businessman Mukuria Ngamau to parliament.
This is after the National Assembly's Public Investments Committee (PIC) tabled a report revealing how Sh180 million was stolen from the Youth Enterprise Development Fund (YEDF) was used.
The team listed that the monies were allegedly used to purchase luxury homes, pay debts as well as line the pockets of powerful individuals, law firms and companies.
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Ngamau is accused of using his company Quorandum Limited’s Chase Bank account to receive money from the Youth Fund.
