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Here is the list of banks that have confessed to aiding the likes of NGIRITAS to loot the NYS-CBK boss, NJOROGE, should close them ASAP

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DAILY POST: Here is the list of banks that have confessed to aiding the likes of NGIRITAS to loot the NYS-CBK boss, NJOROGE, should close them ASAP



Sunday December 9, 2018-8 Kenyan banks have secretly
admitted to aiding and abetting the looting at the National Youth Service.

Speaking during a Plea Bargaining
workshop in Naivasha on Friday, Director of Public Prosecution, Noordin Haji
revealed the 8 implicated financial institutions agreed to pay KSh 300 million
fine after they pleaded guilty to facilitating corruption at NYS in order to
avoid the protracted legal battle with the State which would have dented their
image.
 “Eight banks in NYS 2 case had pleaded
guilty and entered into plea barging agreement with his office to pay sh 300
million and one was in the process of complying with the agreement,” Haji
said.
This comes even as Central Bank Governor,
Patrick Njoroge, has warned banks engaging in corruption of serious
consequences.
Among the 8 banks which have agreed to
corruption include;-
1.
Equity Group (KSh 89.5 million fine)
2. Kenya Commercial
Bank (KCB) (KSh 149.5 fine)
3. Co-operative
Bank (KSh 20 million fine)
4. Standard
Chartered Bank (KSh 77.5 million fine)
5. Diamond Trust
Bank (DTB) (KSh 56 million)





2012
The Kenyan DAILY POST. All Rights Reserved.

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