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Family Bank to pay Sh64m for role in NYS scam

By Faith Karanja | 7yrs ago

A Family Bank branch.

NAIROBI, KENYA: Family Bank has agreed to pay Sh64.5 million for its role in the Sh1.6 billion National Youth Service money laundering case.

The bank and the Office of the Director of Public Prosecution have entered a plea bargain agreement in court in the Sh .6 billion NYS money laundering case.

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