Ten Kenya financial institutions probed

A total of 10 financial institutions suspected of handling money allegedly stolen from Kenya’s National Youth Service (NYS) will be investigated, the director of criminal investigations has confirmed to Reuters news agency.

Nine are commercial banks and one a financial co-operative society, the local Daily Nation newspaper reported.

The list of lenders, according to the newspaper, included Barclays Bank, Standard Charted and East Africa’s biggest bank by assets, KCB Group.

George Kinoti, the director of criminal investigations, told Reuters the list was accurate.

About 40 civil servants and 14 private sector individuals were charged on Monday over the alleged theft of $78m (£59m) from the youth agency.

Today, about 200 people marched through the capital, Nairobi, to condemn “high level” corruption in Kenya.

Daily Nation


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