Ten commercial banks under investigation for processing clients' transactions from the National Youth Service have maintained a studious silence -- even as Central Bank and the Directorate of Criminal Investigations (DCI) warned of consequences that could include loss of operating licences.
With a few exceptions such as Diamond Trust Bank, which said it fulfils its prudence obligations in respect of all transactions, many banks said they could not comment on a matter under the investigation by the DCI, Office of the Director of Public Prosecutions (ODPP), National intelligence Service (NIS), Central Bank and the Kenya Revenue Authority.
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