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DPP Tobiko says ex-Family Bank executives to be charged

Kenya's director of public prosecution has ordered seven former executives at mid-tier lender Family Bank be charged with aiding or abetting money laundering as the East African nation looks to tighten banking oversight.

Family Bank, whose shares are traded on the Nairobi Securities Exchange's over the counter market, appointed a new managing director and chief executive, David Thuku, in May to replace outgoing CEO Peter Munyiri.

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