Standard Chartered Bank Kenya #ticker:SCBK (StanChart) opted to pay the office of the Director of Public Prosecutions (DPP) to save its executives from criminal prosecution for failing to report suspicious transactions in connection with the theft of funds at the National Youth Service (NYS).
Details of the secret agreement with the State prosecutor were disclosed yesterday by its London-based parent company, Standard Chartered Plc, via the London Stock Exchange (LSE) where the multinational lender is listed.
