Kenya: Sacco Fraud Unit Spoils Pyramid Schemes' Party

3 February 2021

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.

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