The CBK fined five banks in 2018 for failing to report suspicious transactions in connection with the theft of funds at the National Youth Service (NYS), a State agency.
By
Sam Kiplagat
Court Reporter
Nation Media Group
The Office of the Director of Public Prosecutions (ODPP) on Wednesday said it will charge the CEOs of Co-operative Bank, KCB and NCBA for failing to report suspicious transactions in connection with the loss of Sh363 million in an investment firm, escalating the fight against money laundering.
The charges arise from investigations into the alleged theft of more than Sh363.4 million from First Assurance Investment Company…
The suspects denied 68 charges, including theft, money laundering and forgery, linked to alleged withdrawals from a customer’s…
KCB blocked fraud attempts worth Sh141.1 million in 2025 and cut fraud-related write-offs sharply.
The prosecution of Metropolitan’s former officials mirrors the action taken against ex-officials of Kuscco after a forensic audit…
The magistrate issued summonses for three other officials who failed to appear in court.
DCI wants to establish whether forged board documents were used in the application of the $2.02 million (Sh261.1 million) loan,…
