Tag Archives: Rafiki Micro Finance Bank

NOW YOU SEE IT, NOW YOU DON’T

A curious case is happening in Kenya. Investigative authorities cannot trace more than Ksh 5 billion that had been deposited in the bank accounts of Mathira MP Rigathi Gachagua, who is being investigated for alleged money laundering.

Ksh 12.5Bn went in and Ksh 7.3Bn went out according to bank records (Rafiki Micro Finance Bank). So, where is over Ksh5 Bn?

There are no bank statements to show how the balance of Sh5.1 billion were withdrawn from the fixed deposit account

This raises several questions:

Can we trust Rafiki Micro Finance Bank? Is the bank not complicit in this? Why is the bank not in court to explain this? Lastly, where are the regulatory authorities that should have been providing oversight?

A case of too many questions and too few answers.