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Former Nandi Hills MP Alfred Keter is now off the hook after the Director of Public Prosecutions (DPP) Noordin Haji dropped a case in which he was charged with conspiracy to defraud Central Bank of Kenya (CBK) Sh633 million by allegedly forging Treasury Bills.

The DPP’s decision came after he reviewed the case against the former MP and his co-accused, businessman Mohan Mahesh alias Madat Chatur.

The DPP told the court that he had since concluded that there is no sufficient evidence to sustain the charge against Keter.

The court granted the DPP’s request and freed the former lawmaker but ruled that the case against Madat will proceed to its logical conclusion.

Madat pleaded not guilty to the amended charges of forgery and conspiracy to defraud the Central Bank of Kenya of Treasury Bills worth Sh633 million.

Cash bail

Milimani Chief Magistrate Lucas Onyina ordered Madat to remain on his earlier cash bail of Sh2 million or a bond of Sh5 million with a surety of similar amount.

“ Mohan Mahesh, you’re charged that on unknown date and place within the republic of Kenya jointly with others not before the court with intent to defraud and without lawful authority made treasury bills No 1138 valued at Sh 286 million purporting it to be genuine and valid bills issued by the Central Bank of Kenya “ the charge sheet read in part.

The businessman is accused of presenting 42 forged Treasury bills amounting to Sh633 million to the CBK and seeking payment.

Other counts state that he made similar bills on unknown dates of Sh347,000,000 and Sh272,601,095.