🇰🇪 Kenya 8h ago · KBC Digital

Treasury officials, business owners arrested over alleged Ksh1.57B fraud

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Treasury officials, business owners arrested over alleged Ksh1.57B fraud
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The Ethics and Anti-Corruption Commission (EACC) has arrested nine suspects over the alleged embezzlement and fraudulent disbursement of Ksh1.57 billion under the Rural Outreach of Financial Innovations and Technologies (PROFIT) Programme.
The commission said its investigations established that Ksh1.569 billion was fraudulently disbursed from the National Treasury Development Account to the PROFIT Programme before being channelled to 23 private entities, 15 business names and eight companies for

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