19 Officials Charged in Sh14bn Sacco Scandal Over Alleged Decade-Long Fraud

NAIROBI,Kenya,June 4-Nineteen individuals have been arraigned in connection with a suspected Sh14 billion fraud scheme involving a major Savings and Credit Cooperative (Sacco), in a case that has once again spotlighted governance and accountability risks within Kenya’s cooperative sector. Detectives… NAIROBI,Kenya,June 4-Nineteen individuals have been arraigned in connection with a suspected Sh14 billion fraud scheme involving a major Savings and Credit Cooperative (Sacco), in a case that has once again spotlighted governance and accountability risks within Kenya’s cooperative sector. Detectives from the Directorate of Criminal Investigations (DCI) brought the suspects before the Milimani Law Courts […]