Investment banker John Ngumi has been granted an order by the High Court barring the Ethics and Anti-Corruption Commission (EACC) from arresting or detaining him while they investigate him for the alleged theft of Sh6 billion.

Ngumi had petitioned the court on the basis that such action would not only jeopardize his reputation as one of Kenya's most celebrated bankers but would also undermine his constitutional rights.

According to Judge Diana Kavedza, the application established a case for anticipatory bail pending arrest.

“Having carefully analysed application, the supporting affidavit and the annextures thereto, I am satisfied that the application has established a case for anticipatory bail pending arrest,” Kavedza said.

During the hearing, Kavedza directed Ngumi to sign a personal bond of Sh500,000 and appear before the EACC accompanied by his lawyer for questioning as soon as possible.

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“Pending the hearing and determination of this application, the respondents, their servants, agents, including law enforcement, are restrained from arresting, detaining or harassing the applicant,” Kavedza said.

She also stated that the banker shall cooperate with the officers during the period of investigations.

In his affidavit filed in court, Ngumi claimed that the investigations are targeting persons perceived to be close to former president Uhuru Kenyatta, including himself.

He further alleged that there has been a sustained malicious media campaign profiling him to create public outrage against him.

Meanwhile, the Parliament’s Finance and National Planning Committee and the Communication, Innovation, and Information Committee are investigating the acquisition of Telkom Kenya.

Ngumi appeared before the committees to explain his role in advising the government on the acquisition.

The government paid Sh6.2 billion to Helios Investors LLP through Jamhuri Holdings Ltd, its Special Purpose Vehicle, in August last year without the approval of the National Assembly.

The investment banker was paid $3.07 million by Jamhuri Holdings for advising the PE fund on its exit from the telecoms operator.

Ngumi has been directed to sign a personal bond and cooperate with the officers during the investigations. Meanwhile, the Parliament is investigating the acquisition of Telkom Kenya.

Kavedza directed the case to be heard on May 23.