Anti-money laundering watchdog blames EACC for laxity in graft war

The Financial Reporting Centre (FRC) has blamed the anti-graft agency and the Directorate of Criminal Investigations (DCI) for failing to secure prosecution or conviction of persons linked to financial crimes in more than 400 reports that the unit has so far generated.

Alex Nandi, the FRC’s chief executive officer, told the National Assembly Public Accounts Committee (PAC) that “he feels frustrated by the inaction of the Ethics and Anti-Corruption Commission (EACC) and the DCI in acting on our comprehensive reports”.