NYS SCAM BITING; SACKED EMPLOYEES OF FAMILY BANK WANT TO BE INCLUDED IN A SETTLEMENT WITH GOVERNMENT.

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Family Bank Chief executive officer Peter Munyiri , Peter Mindoro, Oscar Nyasa, Charles Kamau Thiongo, Raphael Mutinda Nduda, Meldonon Awino Onyango, Josephine Njeri Wairi, and Family Bank limited.

BY SAM ALFAN.

Family Bank of Kenya has asked for more time to settle a money laundering case with Government.

The bank and its former Managing Director Peter Munyiri want more time to pursue an out of court settlement with the newly appointed DPP.

SC Waweru Gatonye told Nairobi Chief Magistrate Francis Andayi that the DPP has not had the chance to look at the offer made by the bank.

He said that his clients are making genuine efforts to have the matter settled with a view of making a concrete report to the court on the progress of the negotiations.

“We have no objection to the extension of time, we want to be able to report back to court on the progress made in the journey of settling this matter out of court,” the DPP said.

However, some former family bank employees objected to the talks saying that they must be included in the out -of court settlement.

Through their lawyer Wangai they told the court that they have been kept in the dark on the talks as the discussions are being held behind closed doors.

They argued that they were charged because they were working for the family bank.

They asked the court to either include them in the settlement or have the charges against them dropped.

SC Gatonye however insisted that his clients are keen to have a possible settlement as the outcome of the matter will have serious ramifications in the banking sector.

Among people charged are Operations manager Nancy Njambi, Chief executive officer Peter Munyiri , Peter Mindoro,  Oscar Nyasa, Charles Kamau Thiongo,  Raphael  Mutinda Nduda, Meldonon Awino Onyango,  Josephine  Njeri Wairi, and Family  Bank limited.

It’s  alleged between  22 December,  2014 and  19  May 2015 at Family  Bank KTDA branch  abetted the offence of money laundering by engaging in transactions in account number  065000007847 belonging to Josephine  Kabura Irungu carrying on business  under the business name Reinforced  Concrete  Technologies held at Family Bank  Limited  KTDA branch, Nairobi  for Kshs 320.160.000 whose effect was to diminish the said sum of money  which was acquired directly as a result of the offence.

The accused is said to have failed to comply with the reporting obligations by failing to report unusual transactions relating to an account belonging to Kabura.Kingo’ri was also charged with abetting money laundering contrary to the law on similar dates and place.

He is said to have abetted the offence of money laundering to Kabura for Sh 320,160,000 whose effect was to diminish the said sum of money which was acquired directly as a result of the commission of the offence.Proceedings resume July 1, and September 19 and 20.

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