The case involving five banks in the National Youth Service (NYS) 2 scandal will be now be reviewed by a team of special prosecutors.
Standard Chartered, Equity, Kenya Commercial Bank, Diamond Trust Bank & Co-operative Bank have been under investigation with regard to criminal culpability.
DPP Noordin Haji press statement on role of financial institutions in NYS 2 scandal
#AntiCorruption_ODPP #NYS2Scandal pic.twitter.com/kRPF0wzQAi— ODPP_KE (@ODPP_KE) February 7, 2019
KCB Group was penalised the highest at Ksh.149.5million while Equity Bank followed second with Ksh.89.5million.
The penalty for Standard Chartered Bank was Ksh.77.5million, DTB Ksh.56million and Co-operative Bank Ksh.20million.
The five banks reportedly handled a total of Ksh.3.5billion from NYS with StanChart handling the largest transaction worth Ksh.1.6billion.
Equity Bank supposedly handled Ksh.886million while KCB processed Ksh.639million.
The Directorate of Criminal Investigations has recommended that charges be preferred against the five institutions, bank officials and entities accused of concealing and facilitating, aiding, abetting and benefiting from proceeds of crime.
Anonymous says
Quote
Transnational organized crime and corruption
have therefore set Kenya back and could cause it to
slide in the direction of becoming a captured and
criminalized state. This is not an outrageous
notion. When a state can be said to have become
criminalized is difficult to define or stipulate.
Studies that have grappled with the concept have
avoided attempts to arrive at a strict juridical
definition of criminalization and have instead
offered more general and generic definitions, such
as the following:
The criminalization of politics and of the state may
be regarded as the routinization, at the very heart of
political and governmental institutions and circuits,
of practices whose criminal nature is patent, whether
as defined by law of the country in question, or as
defined by the norms of international law and
international organizations or as so viewed by the
international community, and most particularly that
constituted by aid donors.
Unquote
http://www.rich.co.ke/rcfrbs/docs/ipi_epub-kenya-toc.pdf