Businessmen fear Sacco swindled them millions of shillings

Businessmen have expressed concern that a savings and credit co-operative society (Sacco) they had invested millions of shillings in has conned them.

The businessmen including real estate dealers, market wholesalers and members of self-help groups say the Sacco has stopped giving them monthly interests as agreed and refused to allow them terminate their membership and give refunds. The Sacco, which was formed in 2012 and launched a bigger branch in Eldoret on February 19 this year, has about 7,000 members.