Stolen NYS money moved to Faulu and Sid­ian banks

The Star (Kenya) - - Politics -

At least Sh695 mil­lion stolen from the Na­tional Youth Ser­vice may have been wired through the Guar­anty Trust Bank, fresh ev­i­dence show.

In new de­vel­op­ments around the mega NYS rip off, key sus­pects in the loot trans­acted mil­lions through GT bank be­fore the money was moved to Faulu and Sid­ian banks.

Kenyans could have lost more than Sh3 bil­lion in the scan­dal and not the Sh791 mil­lion.

Money pa­per trails sub­mit­ted be­fore the Na­tional As­sem­bly Pub­lic Ac­counts Com­mit­tee in cam­era, al­legedly shows how sus­pects were paid mil­lions of shillings and the money trans­mit­ted through GT bank ac­counts.

Some of the ul­ti­mate re­cip­i­ents of the pay­ments moved from GT bank to Faulu and Sid­ian banks, are said to be key fig­ures in gov­ern­ment and in­flu­en­tial politi­cians from both Ju­bilee and Cord.

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