- Mr Gatonye said the bank has also filed an application in the Court of Appeal to have the criminal case quashed.
Family Bank is seeking to settle out of court the Sh791 million case against its eight senior managers and involving National Youth Service scam prime suspect Josephine Kabura.
Defence lawyers Waweru Gatonye and Cecil Miller told Chief Magistrate Francis Andayi they have raised the out of court settlement proposal with the Director of Public Prosecutions (DPP).
“We have initiated talks with the DPP to explore an out of court settlement,” Mr Gatonye said.
Mr Gatonye told the court that the bank has also filed an application in the Court of Appeal to have the criminal case quashed, saying it amounts to double punishment to the bank since it has been punished for the alleged breaches by being blacklisted by Central Bank of Kenya (CBK).
The lawyers told the court that the case in the Court of Appeal was listed for hearing on October 17, 2017 but the date has been slotted for the presidential election repeat.