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Kenya police sacco lost Sh200m in Kuscco fraud
National Chairman of the Kenya National Police DT Sacco David Mategwa speaking during the Sacco’s Annual Delegates Meeting and the launch of the Strategic Plan 2025-2029 at the Serena Hotel in Nairobi on February 21, 2025.
The Kenya National Police Deposit Taking Sacco lost Sh200 million due to the fraud at Kenya Union of Savings and Credit Cooperatives (Kuscco), according to a new credit rating report.
The sacco, which recently fended off investigations by the Director of Criminal Investigations (DCI) following claims of embezzlement of funds by officials, will draw comfort in retaining its rating of A- with a stable outlook.
