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Some of the suspects linked to the corruption at NYS during a past court proceeding. Accounts under their names have been frozen. [File, Standard]
A Nairobi magistrate’s court on Monday stepped up the investigations into the looting at National Youth Service (NYS) when it ordered banks accounts believed to keeping proceeds of the theft frozen for six months.
Asset Recovery Agency (ARA) investigating officer Frederick Musyoki sought the orders reckoning that the suspects could move the monies and frustrate their efforts to recover the stolen funds.
“Whereas it has been proved to me on oath that, for the purpose of an investigation into the commission of offence of money laundering and tracing of proceeds, an order of production to inspect the books of accounts relating to the accounts should be, and is hereby, granted,” the magistrate ruled.
Here is the full list of individuals and companies that now will under be the scrutiny of ARA and other investigating agencies.
The team will dig into the account opening documents, statements of accounts, and investigate cheque and cash deposits as well as withdrawals.
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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