National Bank of Kenya (NBK) has suspended its chief finance officer over claims linking him to the Mumias sugar company scandal.
The bank suspended Mr Chris Kisire to let him clear his name from corruption allegations leveled against him when he served as chief finance Officer at mumias sugar.
According to the bank's Public Relations agency the bank consulted with the Central Bank of Kenya (CBK), the government, its lawyers and Mr Kisire before sending him on compulsory suspension to allow him time clear to his name, the Nation reports.
The Business Daily reports that Mr kisire resigned from the sugar company on July 31, which was less than a year since he was appointed.
Director of Public Prosecutions (DPP) Keriako Tobiko Thursday, announced that he will charge senior managers and powerful individuals behind the looting of the troubled Mumias Sugar Company, according to a Star report.
President Uhuru Kenyatta on Wednesday handed over a 1 billion shillings bailout to the company and decleared the government's support in the reviving of the company.
See also: President Kenyatta Warns Mumias Sugar Company Management
