Kenya's former governor accused as party to theft

The Goldenberg inquiry has heard former Central Bank of Kenya Governor, Eric Kotut conspired with banks to defraud the bank of a massive US$247.9 million (Sh9.7 billion) in April 1993.

The East African Standard reported the commission of inquiry into the Goldenberg scam heard that Kotut was privy to an agreement entered between the banks and CBK to purchase the dollars, but which was never honoured.

The commission heard that Kotut had used senior CBK officials, Lazarus Wairagu (Foreign Manager)