Court Issues Ruling in Ksh 1.57B Fraud Case Involving Treasury Officials

The three were arrested on Tuesday by EACC over allegations of their involvement in the scheme...
✨ Key Highlights
Senior officials from the National Treasury and private directors have been released on bond after facing charges related to the alleged misappropriation of Ksh 1.57 billion in the PROFIT Programme fraud case.
- Ksh 1.57 billion allegedly misappropriated under the PROFIT Programme.
- Nine accused, including Head of the Accounting Unit at the National Treasury and company directors, denied 121 charges.
- Accused released on bond ranging from Ksh 1 million to Ksh 20 million and must surrender passports.
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Treasury Officials Face Court Over Sh1.5bn and Sh1.57bn Fraud Cases - August 2026
The Director of Public Prosecutions (DPP) has approved charges against nine National Treasury officials and business people for allegedly embezzling Sh1.5 billion from a government program. Nine senior officials from the National Treasury are set to be arraigned in court following an investigation into alleged embezzlement totaling Sh1.5 billion. Additionally, Senior officials from the National Treasury and private directors have been released on bond after facing charges related to the alleged misappropriation of Ksh 1.57 billion in the PROFIT Programme fraud case. The Ethics and Anti-Corruption Commission (EACC) arrested 9 individuals in connection with the alleged embezzlement of Sh1.57 billion from the International Fund for Agricultural Development (IFAD) project, and nine Chief Accountants from the National Treasury were arrested and are being held at EACC headquarters in Nairobi.
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