Senior National Treasury officials and company directors charged over the alleged misappropriation of Ksh1.5 billion under the Programme for Rural Outreach of Financial Innovation and Technology (PROFIT) have been released on bond after appearing before the Anti-Corruption Court in Nairobi.

🇰🇪 Breaking It Down

The nine accused persons were granted bond terms ranging from Ksh1 million to Ksh20 million, with alternative cash bail amounts ranging from Ksh300,000 to Ksh10 million, depending on their respective charges and circumstances.

The court also ordered all the accused persons to surrender their passports and barred them from leaving the jurisdiction of the case as the trial proceeds.

Anti-Corruption Magistrate Rose Ndobi warned that warrants of arrest will be issued for any accused person who fails to appear for plea taking.

📰 Source: Kenyans.co.ke