Not less than 20 senior supervisors of five banks to be arrested over the Sh1 billion plundered from the National Youth Service (NYS).
Examinations by the Directorate of Criminal Investigations have built up that a portion of the supervisors purposely permitted key suspects in the NYS case to move substantial loads of cash undetected.
DCI George Kinoti, through February 7 letter, has solicited the Director from Public Prosecutions Noordin Haji to charge 20 top authorities of the banks.
Investigators have been examining the development of the cash through Standard Chartered, Kenya Commercial, Equity, Diamond Trust and Cooperative banks.
As per subtleties discharged by Haji a month ago, StanChart handled an aggregate of Sh1.6 billion between January 2016 and April 2018 out of which Sh588 million was suspiciously executed by bank authorities.
KCB got Sh800 million and was fingered for turning away from exchanges esteemed at Sh148.3 million while Equity Bank got Sh886 million turned away over a few exchanges in Kenyan shillings and dollars.
DTB got Sh164 million while Cooperative Bank got Sh250 million out of which Sh25 million cocked eyebrows.
Haji later reported he had directed a group of exceptional investigators to audit the proof assembled by DCI and guide if to charge all or part.
The examiners had 14 days to complete their work and sources said they had cleared their work and exhorted the DPP in transit forward.
Sources at the DPP insinuated that DCI officers could move without hesitation whenever. The Central Bank of Kenya (CBK) has just fined the five banks an aggregate of Sh392 million for neglecting to report huge exchanges to the business controller.
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