Kenya: 19 Suspects Arraigned in Sh14bn Sacco Fraud Scandal At Milimani Court

Kenya: 19 Suspects Arraigned in Sh14bn Sacco Fraud Scandal At Milimani Court

Nairobi -- Nineteen suspects have been arraigned at the Milimani Law Courts in connection with a sophisticated financial fraud scheme that allegedly led to the loss of more than Sh14 billion from a SACCO.

DCI exposes alleged fake loan racket in Sh14bn Sacco scandal

All the accused persons pleaded not guilty when they appeared before on Tuesday.

19 Suspects Arraigned in Sh14bn Sacco Fraud Scandal at Milimani Court

NAIROBI, Kenya May 27 – Nineteen suspects have been arraigned at the Milimani Law Courts in connection with a sophisticated financial fraud scheme that allegedly led to the loss of more than Sh14 billion from a SACCO. Detectives from the Directorate of Criminal Investigations (DCI) Headquarters Investigations Bureau presented the suspects in court following a probe triggered by a formal complaint from the Sacco Societies Regulatory Authority (SA…

Former Metropolitan Sacco Officials Charged In Ksh14 Billion Fraud Scandal

The Kenya Times ~ Trending, Breaking News and Videos Former Metropolitan Sacco Officials Charged in Ksh14 Billion Fraud Scandal The Directorate of Criminal Investigations (DCI) presented 19 individuals before the Milimani Law Courts in connection with a Sacco fraud case involving more than Ksh14 billion. In a statement, the DCI said the suspects were linked to alleged financial misconduct uncovered after the Sacco Societies Regulatory Authority …

19 suspects in court in Sh14 billion Sacco fraud

Detectives from the Directorate of Criminal Investigations (DCI) headquarters Investigations Bureau brought before court nineteen individuals linked to a sophisticated fraud scheme that saw a Sacco lose over Sh14 billion. The matter came to light after the Sacco Societies Regulatory Authority submitted a formal request to the DCI, urging an inquiry into serious allegations of financial misconduct and embezzlement by Sacco officials. An immediate…

Ex-Metropolitan Sacco officials charged over Sh14bn fraud

The prosecution of Metropolitan’s former officials mirrors the action taken against ex-officials of Kuscco after a forensic audit unearthed a Sh13.3 billion fraud that left the umbrella body...