The Director of Criminal Investigations George Kinoti is considering charges against officials from the CBK Supervision Department, the Financial Reporting Center, Safaricom’s M-Pesa Supervision Department and officials from Standard Chartered Bank, Kenya Commercial Bank, Equity Bank, Diamond Trust Bank and Cooperative Bank.
Detectives are investigating how Sh9 million used to finance the Dusit terror attack was sent through the M-Pesa network.
“We will go for each and every person from the banking sector to the mobile money transfer networks that were lax in their work,” Kinoti told the Star yesterday.
He did not state how soon the arrests would be made and charges filed, though highly placed sources said the investigations were complete and the files have been forwarded to the Director of Public Prosecutions Noordin Haji for approval.
“We don’t think we have done anything wrong. People use Mpesa to bring money into the country and withdraw it using standard
Read: Dusit terror suspect got Sh9m on M-Pesa
“Suspicious transactions are reported to the Financial Reporting Centre. If we see irregular transactions from certain parts of the country or world, we will file a Suspicious Transaction Report. We did file STRs on some of the Dusit transfers. We also terminated their Mpesa tills before the Dusit attack,” he said.
Initial investigations had revealed that one of the terror suspects, Hassan Nur, received Sh9 million from South Africa through M-Pesa over three months. The cash was then sent to Somalia where al Shabaab is based.
Nur had 52 M-Pesa agent accounts with 47 of them were registered between October and December last year, each with a SIM card. He used different IDs to register the SIM cards.
DCI believes the money transfer systems and the banks run between them failed to raise sufficient alarm over the funds suspected to have financed the terror attack.
Kenya’s world-famous mobile money is powered by mobile money networks, banks and hundr of thousands of agents all around the country.
Know-Your-Customer prudential guidelines are supposed to be employed at every stage by every link in the chain.
Read: Diamond Trust Bank faces charge of aiding terrorist attack
Last week Haji received a file from the DCI indicting five banks over their role in the Sh1 billion NYS scandal.
In a press statement, Haji said he had set up a team of senior prosecutors to independently review the files and make recommendations within 14 days.
heavyweights such as Equity Bank CEO James Mwangi and former Standard Chartered boss Lamin Manjang could find themselves in court.
Others are KCB chief Joshua Oigara, DTB Nasim Devji, and Cooperative Bank’s Gideon Muriuki.
Yesterday, CBK spokesperson Wallace Kantai said he was not aware of any meeting about the subject.
More details: ATPU probe reveals network, financiers behind Dusit attack
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