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DPP charges three bank CEOs, ex-MCA over Sh363mn fraud case
The Director of Public Prosecutions (DPP) has charged the CEOs of NCBA Bank, KCB Bank, and Co-operative Bank with failing to report suspected proceeds of crime linked to an alleged Sh363.3 million fraud. The three bank executives are expected to appear in court on Tuesday. Meanwhile, Kenyan telecommunications companies are facing increased pressure as complaints related to scam calls and texts have surged by 83 percent, reaching a one-year high. In a separate development, three Kenyan nationals are set to be extradited to the United States to face serious cybercrime charges, following court approval secured by the DPP.
PPRA flags 20 State Agencies for frustrating procurement audits
The Public Procurement Regulatory Authority (PPRA) has flagged 20 public entities, including Kenyatta National Hospital (KNH) and four county governments, for failing to cooperate with mandatory procurement audits. Over 57 percent of government contracts awarded in the 2024/25 financial year did not disclose beneficial ownership information, highlighting significant transparency issues in Kenya's public procurement. The Director-General of the Competition Authority of Kenya (CAK), David Kemei, has identified cartels and unscrupulous businesspeople as the primary threat to Kenya's business environment.
