NGO Coordination board has frozen the accounts of Kalonzo Musyoka Foundation after the regulator found some suspicious transactions which have raised eyebrows.
The US dollar transactions are;
- CASH Deposit of USD 100,000 (Ksh 10million) on 11th June 2014
- CASH Deposit of USD 18,000 (Ksh 1,8million) on 3rd July 2014
- CASH Deposit of USD 50,000 (Ksh 5million) on 14th November 2014
- CASH Deposit of USD 10,866 (Ksh 1.2million) on 23rd December 2014
- CASH Deposit of USD 400,000 (Ksh 40million) on 5th February 2015
- CASH Deposit of USD 200,000 (Ksh 20million) on 21st June 2013
- CASH Deposit of USD 130,000 (Ksh 130,000) on 9th October 2013
- CASH Deposit of USD 100,000 (Ksh 10million) 14th January 2014
- CASH Deposit of USD 429,250 (Ksh 43million) on 17th January 2014
- CASH Deposit of USD 262,000 (Ksh 26million) on 4th January 2017
Weird how the huge cash transactions were authorised without proper reporting as per the requirements.
Bank Statements;
The CEO of the NGOs Coordination Board said the foundation received Sh50 million from China that could not be traced and could not account for a total of Sh146 million.
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