Ex-posta boss found guilty in Sh50m case
PHOTO/FILE
Former Postmaster General Francis Chahonyo.
Former Postmaster General Francis Chahonyo was on Monday fined Sh400,000 for unlawfully depositing the parastatal’s money in a collapsed private bank.
Chahonyo will serve 36 months in jail if he fails to pay the fine. Anti-corruption magistrate Elijah Obaga found Chahonyo guilty of two counts of abuse of office.
He unlawfully authorised the transfer of Sh50 million from Postal Corporation to the collapsed Euro Bank and unprocedurally sanctioned the opening of a bank account in the name of the company.
His actions were in breach of the regulations of the corporation.
Chahonyo was convicted alongside former assistant general manager of the firm Joseph Edward Musumba.
He was fined Sh200,000 for directing the release of the cash from the corporation’s bank account at Kenya Commercial Bank.
The magistrate said Chahonyo had been appointed to the position so he could act in the interest of the public but he failed to do so.
The court said Musumba knew the proper procedure of releasing the money but he did not follow it.
