The looting bombshell dropped in NYS 2 saga by DPP involving Kenya Banks

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The office of Director of Public Prosecutions has issued a press statement on five Kenya Banks over investigations of the NYS 2 saga which involved over ksh 8 million with regard to suspected violation of legilstions that govern Banks and provisions of the proceeds of crime and Anti-money laundering Act no. 9 of 209(POCAMLA).

According to findings by the officers, Standard Chartered Bank received a total of ksh 1,628,902,000 between January 2016 and April 2018 out of which it was established that the amount of ksh 588,588,000 was suspiciously transacted by Bank officials and no report was made to the financial reporting centre(FRC) as required under POCAMLA regulations.

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It was established that the equity bank received a total of ksh 886,426,904,out of which it was discovered that an amount of Ksh 264,200,000 and USD 58,000 was suspiciously transacted by official of the bank in violation of the law.

In Diamond Trust Bank Investigations, it was unmasked that the Bank receeived a total of ksh 164 million out of which an amount of Ksh 27,946,298 was suspiciously transacted by official of the Bank in violation of the law.

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On the other hand, Coopertive Bank of Kenya received a total of ksh 250 million and investigations further revealed Ksh 25 million was suspiciously transacted through the Bank in violation of the law.

A team of senior prosecuters has been constituted to independently review the respective investigation files and make recommendations within 14 days.

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