Kenya’s public prosecutor ordered the national anti-corruption agency to inquire on allegations of embezzlement of more than a billion dollars from a Eurobond of $2.75 billion issued in June 2014, Bloomberg report on December 2.

Anti-corruption agency, which should submit its report to the prosecutor within next ten days, is obliged to expose the various uses the funding from the Eurobond served. A bond initially expected to be invested in infrastructure projects such as railway linking Mombasa’s Port to Nairobi.

The investigation on this case has been initiated following a statement published on 1 December by the Coalition for Reforms and Democracy (CORD), Kenya’s main opposition party in Kenya who affirmed that the government could not justify how it spent over 140 billion shillings ($ 1.4 billion) from the total funding of the Eurobond.

“Given officials’ contradictory statements and meager accounts of the various official departments, we are forced to conclude that Kenyans are once again victims of an unprecedented embezzlement operation in our history,” said the CORD in its release.

Early November, the main donors of Kenya of which the United States, the European Union (EU) and Japan, had severely deplored the level of corruption in this East African nation, saying that this behavior was compromising the country’s economic growth and security.

Kenya came 145th out of 174 countries in Transparency International’s 2014 Corruption Perceptions Index.

In July, a report from Kenya’s General Inspector revealed that only 1% of government spending meet the accounting rules.

Kenyan press regularly reports corruption scandals. The latest scandal was in early November where, according to an official report, the Kenyan army is involved in coal and sugar traffics in Somalia amounting to hundreds of millions of dollars, and which serves to fund the Somali Islamists which it is supposed to fight. After this scandal, Kenyan President Uhuru Kenyatta (picture) had described corruption as “a major threat for national security”.