East african business news: The Central Bank of Kenya was put on the spot over the status of Charterhouse Bank, which is still under statutory management 4 years later after claims of money laundering and tax evasion. The Deputy Solicitor General from the office of the Attorney General Muthoni Kimani told the Departmental Committee on Finance that Central Bank had no legal basis, for insisting the bank remains under statutory management since no evidence existed linking the bank to an alleged 18 billion shillings money laundering scam. And as Chris Thairu reports, the Kenya Anti-Corruption Commission has also distanced itself from the saga. Kenyan Citizen TV youtube.com channel news.
East african fight against corruption in Kenyan Bank
– September 3, 2010
Nairobi
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Asmara
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