Business Daily·3 min read·medium
Three bank CEOs face charges in Sh363m fraud suit
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Sam Kiplagat
✦AI Summary
The Kenyan Office of the Director of Public Prosecutions is charging the CEOs of Co-operative Bank, KCB, and NCBA for failing to report suspicious transactions linked to a Sh363 million fraud case. The charges relate to alleged money laundering failures involving a former insurance firm director.
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.
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