A Nairobi court yesterday summoned
former Family Bank chief executive
Peter Munyiri and seven former senior
managers to answer charges of helping
an alleged money laundering ring involving
more than Sh1 billion.
This is related to the processing of
bulk transactions linked to the NYS
scam at Family Bank’s KTDA branch
on Moi Avenue.
The eight have been sued for failing
to report to the Financial Reporting
Centre large transactions made by
the NYS fraud key suspect Josephine Kabura through her three companies.
FRC is the state arm responsible for
helping identify proceeds of crime and
combating money laundering.
Milimani commercial court’s senior
principal magistrate Joyce Gandani
issued the order following an application
by senior state counsel Duncan
Ondimu.
The suspects are required to appear
in court on December 30 to plead to
the charges.
According to the charge sheet,
Munyiri is charged alongside Family
Bank KDTA branch manager Robert
Oscar Nyaga, anti-money compliance
manager Charles Thiong’o, head of risk
and compliance Raphael Ndunda, operations
supervisor Nancy Njambi, relationship
platinum manager Meldon
Onyango, customer service supervisor
Josephine Wairi and Family Bank Limited.
It is alleged they aided money laundering.
The prosecution alleges the officials
failed to report the offence and
even went ahead to open numerous
accounts, and authorised suspicious
transactions by Kabura amounting to
more than Sh1 billion.
Key suspect Kabura is alleged to
have opened several accounts at Family
Bank under various business names
which include Reinforce Concrete
Technologies Ltd, Roof and all Trading
Ltd and Form Home Builders Ltd.
The suspects are alleged to have
committed the offences between December
22, 2014, and May, 19, 2015, at
Family Bank KTDA branch.