Controller of Budget Margaret Nyakang'o has been granted release on a Ksh.2 million bond, with the option of a similar surety or Ksh.500,000 in cash just hours after being arrested.
This comes after she pleaded not guilty to four charges in a Mombasa Court on Tuesday, November 5, when she was among 11 people charged with conspiracy to defraud, operating an unlicensed Sacco, forgery, and uttering fake documents.
The charges result from an investigation begun by the Directorate of Public Prosecutions (ODPP) and turned over to the Directorate of Criminal Investigations (DCI).
According to the inquiry file, Nyakang'o and the ten others were found guilty after carefully assessing new evidence.
She will also be charged with operating a Sacco without a License Contrary to Section 24 as read with Section 66 of the Sacco Societies Act, 2008, forgery and uttering a false document of the Penal Code.
The Office of the Director of Public Prosecutions (ODPP) approved the charges in a letter to the Directorate of Criminal Investigations (DCI) on November 30.
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