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President rubbishes Auditor-General proposal to probe US Fed

President Uhuru Kenyatta talks to Auditor-General Edward Ouko at State House on October 18, 2016 during the State House Anti-Corruption and Accountability Summit. PHOTO | EVANS HABIL |

President Uhuru Kenyatta has scoffed at plans by Auditor-General Edward Ouko to investigate activities of the Federal Reserve Bank of New York regarding alleged misuse of the $2 billion Eurobond cash that Kenya raised in 2014.

Mr Ouko had in May told MPs that his office would conduct a forensic audit of the funds outside Kenya after securing appointments with top US and UK financial institutions involved in the transactions.

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