The Office of the Director of Public Prosecutions (ODPP) has approved charges against three top bank executives over allegations that they failed to report suspicious transactions linked to a Ksh363 million fraud case.

🇰🇪 Breaking It Down

Charge sheets obtained by Kenyans.co.ke on August 5 show that the executives are facing allegations under the Proceeds of Crime and Anti-Money Laundering Act, which requires reporting of suspected proceeds of crime and suspicious financial activity.

The case also involves allegations of theft of Ksh363.4 million from an investment company, where a former director is accused of unlawfully accessing company funds.

Investigators allege that the funds were withdrawn through transactions involving forged documents, including signatures allegedly used to authorise payments without proper approval.

📌 What You Need to Know

The ODPP said it had approved a total of 120 charges against the accused persons following a review of evidence gathered during investigations.

The accused persons are expected to appear before court on August 11, 2026, to take a plea.

📰 Source: Kenyans.co.ke