How Kuscco MD George Ototo flouted sacco law in unlicensed deposit-taking scandal
Exclusive: How Kuscco MD George Ototo flouted sacco law in unlicensed deposit-taking scandal
The managing director of the Kenya Union of Savings and Credit Cooperative Society (Kuscco) George Ototo was yesterday ordered to leave the Sacco Congress in Botswana and immediately return to Kenya to resolve the serious audit issue pending in his office.
The directive came from the Co-operatives and Micro, Small Medium Enterprises Cabinet Secretary (CS) Simon Chelugui, who attended the conference along with the Principal Secretary (PS) Patrick Kilemi.
Mr Ototo was told to leave the country in the next available flight and report to the Sacco Societies Regulatory Authority (Sasra) for questioning.
Kuscco, which is the umbrella organization for SACCOs in the country, is under investigatio...