Nairobi, Feb. 21 -- Top Treasury officials who approved the withdrawal of Sh6.14 billion four days before last year's general elections to buy out private equity firm Helios in Telkom Kenya risk repaying the money after Parliament refused to regularise the expenditure.

The National Assembly's Finance committee wants the House to reject the approval sought in respect of the money that was spent without the approval of Parliament at the time.

The government ended up fully owning Telkom Kenya after the purchase of Helios' 60 percent stake.

The money used to buy out Helios was withdrawn under Article 223 of the Constitution and disbursed on August 5, 2022.

Approval for the expenditure was to be done later but Parliament has now declined t...