A State agency charged with tracking illicit money is investigating SportPesa for possible money laundering in the wake of claims the sports betting firm wired $278 million (Sh30 billion) from its local accounts to offshore banks.
The Financial Reporting Centre (FRC) will seek to establish if the billions of shillings earned from the online betting craze in Kenya were declared to the gaming regulator, the Betting Control and Licensing Board (BCLB).
