Bank seeks to settle NYS case out of court - News Summed Up

Bank seeks to settle NYS case out of court


By RICHARD MUNGUTIMore by this AuthorFamily Bank is seeking to settle out of court the Sh791 million case against its eight senior managers and involving National Youth Service scam prime suspect Josephine Kabura. “We have initiated talks with the DPP to explore an out of court settlement,” Mr Gatonye said. COURT OF APPEALMr Gatonye said that CBK has already punished Family Bank and prosecuting it and its officers amounts to double punishment. “We request that the Court of Appeal be given time to determine the application by Family Bank before this case proceeds,” Mr Gatonye said. State prosecutor Victor Mule said he was aware of the Court of Appeal matter but not aware the “out of court settlement” proposal to DPP.


Source: Daily Nation September 12, 2017 16:30 UTC



Loading...
Loading...
  

Loading...