Bishop Mambo reports Stanbic to DEC

Bishop Mambo reports Stanbic to DEC

Bishop John Mambo has officially written to the Drug Enforcement Commission (DEC) to investigate allegations of money laundering and bribery by Stanbic and some Supreme Court judges.

According to a letter seen, Bishop Mambo says only law enforcement agencies can get to the bottom of the allegations.

Last week, another NGO reported the matter to the Anti Corruption Commission but so far no action has been taken.

In the case of Savenda v Stanbic, the High Court ordered Stanbic to compensate Savenda K192m for loss of contracts after Stanbic negligently and maliciously reported Savenda to the credit Reference Bureau. But the Supreme Court trashed the High court Judgement and instead ordered Savenda to pay costs from the time the case started, generating public outcry and suspicion that the Supreme Court has been bribed. The bill which Silwamba wants Savenda to pay the Bank is K10 million.

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