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Police are investigating an alleged theft of more than Sh160 million at the ICT Authority.
The money was lost between January 24 and July 6 in a scheme involving at least four senior managers and two banks.
An internal audit report by Manager-Internal Audit and Risk Patrick Machimbo Masika details how the heist was executed.
“Sh78,091,231 was withdrawn in cash from the authority’s bank account without supporting documents. The cash withdrawals were split in tranches of less than Sh500,000 to avoid the acting CEO’s approval,” states the August 1 report, adding that the money was said to be for project inspection and field visits.
When the audit manager interviewed the projects’ managers, however, they denied knowledge of the events, for which cash was paid out to individuals.
. In a statement, he also said banks had been engaged to assist in the investigations, which he said was at advance stage.
“We are determined to get to the bottom of this matter and those found culpable will face the full force of the law, including full recovery of all amounts to the last coin,” said Mr Kyalo.