Kenya has formed the Sacco Fraud Investigation Unit to police the sector that has been marred by fraudulent deals and embezzlement.
Agriculture Cabinet secretary Peter Munya said the unit, which is under Sacco Societies Regulatory Authority (Sasra), has so far finalised an investigation, instigated arrest and prosecution of a case where Sh1.3 million that had been embezzled was recovered.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article