Noordin Haji focuses on 5 banks, officials in Sh8bn NYS scam

What you need to know:

  • Investigations by the DCI have revealed that Standard Charted had the highest amount of looted NYS funds moved, at Sh1.628 billion.

  • Of that, Sh558.58 million was transacted by bank officials who did not alert the Financial Reporting Centre (FRC) of the huge amounts moved as required by law.

Kenya’s top public prosecutor says he is focusing on five banks and bank officials linked to shady transactions involving Sh8 billion looted from the National Youth Service.

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