As Kenyans continue to elicit mixed reactions following the arrest of National Treasury CS Henry Rotich, the Kenyan dollar bond has fallen.
It has merged that bonds, which were bound to mature in 2028, 2032 and 2048 have since dropped by 0.5 cents in the dollar.
A report released by Tradeweb shows that the arrest of the CS has projected doom for the stock market after investors started thinking twice about the same.
While issuing the order of arrest on Monday, the Director of Public Prosecution said that the Rotich will be arrested alongside 27 other government officials will be arraigned in court over the alleged misuse of office and corruption.
The CS landed in trouble after billions went missing in the project whose contract was assigned to Italian construction company CMC Di Ravenna.
Rotich and his Permanent Secretary Kamau Thugge have denied claims of corruption claims leveled against.
Haji had said that the arrest was initiated after they conducted a thorough probe and determined the truth behind the matter.
“The persons we are prosecuting today were mandated to safeguard public interest but failed,” he said, as quoted by Standard.
The arrest has already sent Deputy President William Ruto’s camp in jitters with Senator Murkomen Kiphchumba faulting DCI over the manner he is handling the issue.