Controversial Nandi Hills MP Alfred Keter risks losing his seat should he be found guilty of an attempted theft from the Central Bank of Kenya through fraud. 

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The controversial Nandi Hills lawmaker Alfred Keter was on Friday morning arrested over forged Treasury Bills worth Sh633 million.

Central Bank of Kenya Communications Director Wallace Kantai said Keter and two others - Madat Chatur and Arthur Sakwa, were arrested after they tried to redeem the T-Bills with fake certificates.

They reportedly entered the CBK premises for a meeting with a senior officer who would have approved the Bills, before detectives from the Banking Fraud Investigations Unit pounced on them. 

Keter, however, dismissed that he forged the certificates, saying it was a set up following his planned revelations that he was about to make in Parliament about how millions of shillings would have been stolen through the T-Bills.

If found guilty, the Jubilee MP risks losing his parliamentary seat which he won during the August 8, 2017, polls.

“The three individuals have been arrested for presenting forged Treasury Bills purportedly issued by the CBK in 1990,” Kantai told the press.