The Directorate of Criminal Investigations have arrested four suspects believed to be part of the multi-billion scandal at the Kenya Union of Savings and Credit Co-operatives (KUSCCO).
Three of the suspects who now face several charges, including conspiracy to defraud, were arrested in different areas within Nairobi County, while the fourth suspect was cornered in Nyeri County.
The suspects also face other charges, such as theft allegedly committed by the directors and officers of companies.
DCI arrest 4 suspects linked to the multi-billion KUSCCO scandal. Photo: Courtesy.
Their arrest comes days after the Inspector General of Police, Douglas Kanja, assured that the National Police Service would leave no stone unturned in investigating the matter.
“As investigations continue, NPS remains committed to ensuring a thorough and transparent investigation, uncovering the facts that will see all those involved are brought to book,” Kanja promised.
The audit report handed to the Kanja exposed massive financial irregularities, gross mismanagement, and alleged criminal activities at the apex Saccos body.
Speaking during a meeting with IG Kanja, Oparanya stated that the audit report exposed non-performing loans and overstated profits over the last six years.
CS Opranya assured stakeholders that KUSCCO remained operational but pledged rigorous changes in the body’s functions.
