Copied from The Standard…
Ex-Britam staff now risk fresh charges over DPP’s inaction in fraud case
Directors of property development firm Acorn Ltd could be charged afresh in a criminal case that was withdrawn by the complainant more than a year ago. This is after the the Director of Public Prosecutions (DPP) failed to withdraw criminal charges against the directors even after an out-of-court settlement had been reached. Diversified financial services company Britam had filed a number of civil and criminal suits in 2014 against Acorn and its former employees Edwin Dande, Elizabeth Nkukuu, Patricia Wanjama and Shiv Arora whom it had accused of fraudulently transferring billions of shillings from its accounts. The dispute started when Britam went to court, claiming that its former managers fraudulently siphoned billions of shillings from its accounts and channelled them to accounts held by Acorn Ltd and its affiliates.
Is it possible the “seed” money was actually from Britam?