logo
ADVERTISEMENT

KUSCCO scam: How Kenyans lost Sh12.5b Sacco cash

The forgery of a dead official’s signature to legitimise Kuscco’s 2022 financial statement is perhaps the darkest humour.

image
by VICTOR AMADALA

News10 March 2025 - 07:50
ADVERTISEMENT

In Summary


  • At the centre of the Sh12.5 billion financial scam are ‘three Georges’.
  • Former managing director George Ototo, finance manager George Owino, and chairman George Magutu, who are accused of cooking the books to reflect fictitious profits and dividends.

 Kenya Union of Savings and Credit Cooperatives



Subscribe to Support

Independent Journalism

Subscription

Help us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy journalism. Join us today to make a difference!

Already Subscribed? Sign in

logo© The Star 2024. All rights reserved