The Grand Regency Hotel changed hands at Sh1.85 billion and not Sh2.9 billion. Earlier reports by the finance minister Amos Kimunya were proved wrong by evidence produced by his cabinet colleague, the Minister for Lands, James Orengo who uncovered newer details about the shady deal.
A Libyan embassy official, Mr Ahmed Mabrouk, said the mission was not involved in the transaction, adding that the matter was purely between investors from his country and the Central Bank of Kenya.
Members of parliament have planned a motion of no confidence in the Finance Minister whose aides in the shady deal were paraded yesterday in shame. The list includes Kenya's Central bank Governor who had earlier denied any links in the transaction
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