The parliamentary Public Accounts committee has accused the Director of Criminal investigation of covering NYS fraud.
This is after it was revealed that 17 other banks were involved in handling Billions of shillings for the National Youth Service suppliers since 2013.
The banks named on the include Equity, Diamond Trust Bank, Cooperative, Consolidated, First Community, Bank of Baroda, African Banking Corporation, I&M, Paramount, Chase, Bank of Africa, Transnational, Housing Finance, Giro, Gulf African, Commercial Bank of Africa, Ecobank, Fidelity and CFC Stanbic.
“PAC needs to question the companies and banks to establish if any impropriety was committed in their transactions,” said PAC chairman Nicholas Gumbo
The committee chair said the new revelations could lead to the discovery of an increase in the amount of money taken from NYS fraudulently as well as the number of individuals, businesses and institutions involved.
“We received this information on Monday and we are still reviewing it, All we can say for sure is that it is running into several billions, it is definitely more than the figures that you’ve heard in this room,” said Gumbo.
“In the period under review its possible that more money was lost than we already know, We want to know who else apart from what is in the public domain did business with NYS in this period," he added.