Beleaguered sacco on a sacking spree to cover up rot amid fraudulent loans scandal
A top licensed sacco society and regulated by the Sacco Society Regulatory Authority (SASRA) and was recently subject of protracted public debate following an exposé over deeply entrenched rot including aiding processing of fraudulent loans using forged pay-slips by sacco members is on a sacking spree of top and mid-level managers in branches ostensibly to cover up the rot.
At least four managers have so far been sacked in Kisii, Meru, Nakuru and Nairobi.
Others are being targeted in Embu and Nairobi branches.
In the dismissal letters to those affected, the embattled sacco Chief Executive Officer is regretting the sacking “disappointment” but continues to say it is in the best interest of both parties.
However, grapevine has it that some sacco board members implicated into the multi-million scam are on an overdrive acting as godfathers to shield some of the complicit managers facilitating the scam in collusion with one former manager who was sacked a while back.
Senior officials of key parastatal whose employees form bulk of the sacco membership in question are a worried lot after they got wind of impending summons by the Directorate of Criminal Investigations (DCI).
They are afraid that their lid would be blown off and finally chicken will come home to roast.
The DCI’s probe report into the matter would also shed light in there is complicity through act of omission or commission on the part of the saccos regulator, the Sacco Society Regulatory Authority (SASRA) in perpetuating the rot.
