Why bank officials may escape jail for Sh8bn NYS fraud - News Summed Up

Why bank officials may escape jail for Sh8bn NYS fraud


But on Wednesday, Mr Haji said he is mulling plea bargain negotiations with those implicated. “We are looking at plea bargaining or deferred prosecution,” Mr Haji told a local television station interview. Under the Kenyan law, plea bargain deals are strictly confidential until the testimonies are collected by prosecutors and accepted by a judge. Deferred prosecution, on the other hand, is a type of plea bargain allowing a charge to be dropped under certain terms. KCB received a total of Sh800 million with Sh148.3 million being transacted illegally while Equity Bank received Sh886 million, out of which Sh264 million and $58,000 (about Sh5.8 million) was transacted suspiciously by officials of the bank, the DPP noted.


Source: Daily Nation March 17, 2019 06:45 UTC



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