International
Kenya narrows investigations to 10 banks over $100m theft
Days after Kenya’s chief prosecutor Noordin Mohamed Haji revealed that banks in Kenya were under scrutiny over the probe into an alleged theft of $100 million, the probe has been narrowed to 10 banks reports say.
Nine commercial banks and a financial co-operative society have been named as the institutions that police and the central bank are investigating.
The list of lenders included the East African country’s biggest bank by assets, KCB Group, and Standard Chartered’s Kenyan business.
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George Kinoti Kenya’s director of criminal investigations, confirmed the list.
“They will be investigated,” he said, without giving more details.
Lamin Manjang, the chief executive of Standard Chartered Kenya, confirmed that the company was under investigation by “authorised government agencies”.
In a statement, KCB said: “This issue is under inquiry by legally mandated investigating authorities and is a subject matter of a court case.”
Other banks named in the list were Stanbic Kenya, Equity Group, Barclays Kenya, Co-op Bank, National Bank, Diamond Trust, Consolidated Bank and Unaitas, a financial co-operative.
Dozens of senior officials and business people were taken into custody on Monday and face charges related to the theft of nearly $100 million from the youth agency.
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