DPP GIVES WAY OUT PROPOSAL FOR OUT OF COURT DEAL IN NYS MONEY LAUNDERING CASE AGAINST FAMILY BANK AND TOP OFFICIALS.

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Former Family Bank Chief Executive Peter Munyiri, together with other top officials who are charged in court for money laundering.

BY NT CORRESPONDENT.

The hearing of a case in which Family bank and its top managers are facing money laundering charges has been pushed once again.

This after Director of Public Prosecution (DPP) sent a plea bargain proposal to Family Bank and eight of its former officials in Sh 1.6 billion case.

Head of Nairobi Prosecution Daniel Karuri told Senior Principal Magistrate Martha Mutuku that his DPP Noordin Haji has set a proposal to the defense team but they are yet to respond.

He requested for a mention in two weeks time to allow the defense team to respond.

The defense team lead by lawyer Waweru Gatonye and Cecil Miller confirmed receiving the proposal yesterday but had not had the time to respond.

“It is true that negotiations have been going on and very late yesterday we received a final draft from the DPP and we need more time to look at it”. Said Gatonye.

The court was also informed that out of court negotiations are still ongoing.
The bank’s Chief Executive Officer John King’ori is charged alongside former CEO Peter Munyiri, KTDA Branch Manager Robert Oscar Nyaga, Anti-money compliance manager Charles Kamau Thiongo, Head of Risk and compliance Raphael Mutinda Ndunda, Operations Supervisor Nancy Njambi, Relationship Platinum manager Meldon Awino Onyango and Customer Service supervisor Josephine Wairimu.

They are are charged with, among other counts, failure to report significant transactions carried out by NYS scam primary suspect Josephine Kabura Irungu using three accounts held at the bank.

This is the fourth time the trial is being adjourned for out of court settlement negotiations.

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