Broker staff new evidence barred in NSSF fraud case
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Nairobi, May 1 -- Two officials of collapsed stockbroker Discount Securities Ltd (DSL) who were jailed for defrauding the National Social Security Fund (NSSF) Sh1.6 billion have lost a bid to introduce additional evidence in their appeals.
David Murungu Githaiga and Wilfred Munyoro Weru wanted the High Court to allow them to produce additional evidence to support their appeal against the lower court's decision to convict and sentence them over corruption.
The duo was convicted in February 2022 and slapped with a fine of Sh803 million each or in default serve 12 years in jail, for the loss of the pensioners' funds between 2004 and 2007.
They were jointly accused of causing NSSF to pay Sh1.6 billion for shares not purchased.
They were f...
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