The Director of Public Prosecutions has directed that the Sh1.6 billion money laundering case against top managers of Family bank proceeds to full hearing after an out-of -court settlement deal collapsed.
Noordin Haji, through State Counsel Christine Achieng, told Milimani Chief Magistrate Francis Andayi, that the matter in which eight senior managers are facing criminal charges over the Ksh 791 million National Youth Service (NYS) scandal should proceed to full trial.The matter will be heard on September 19th and 20th 2018.
Family Bank had approached the DPP in 2017 for an out-of-court settlement through l defence lawyer Cecil Miller,where they had written a proposal for an out-of-court deal to the DPP.
He told the court that they had initiated talks with the DPP to explore an out-of-court settlement which may bring the matter to an end.
The accused are Family Bank chief executive John King’ori and former CEO Peter Munyiri are charged alongside KTDA branch manager Robert Nyaga, Anti-money compliance manager Charles Thiongo, Head of Risk and Compliance Raphael Ndunda, Operations Supervisor Nancy Njambi, Relationship Platinum manager Meldon Onyango and Customer Service supervisor Josephine Wairia.
They are charged with failure to report significant transactions carried out by salonist Josephine Kabura’s three accounts at the bank. All the accused person have denied the charges and are all out on a Ksh 1 million bond. The charge sheet says bank officials knew about the suspect dealings in Kabura’s accounts and failed to report it.