Sleuths from the Ethics and Anti-Corruption Commission (EACC) have launched a probe into Harambee Sacco and its officials over corruption and embezzlement of funds.
This latest investigation has led to a mass exodus of members who are fearing for the safety of their savings.
Experts now warn that if immediate action is not taken, the previously vibrant Sacco might slowly degrade into an eventual collapse.
Aside from corruption allegations, EACC is looking into claims that Sacco’s leadership sold a host of properties, including the Matundu lane Property in Westlands, Harambee Sacco property in Donholm, the Harambee members property in Nyali in Mombasa and another property in Parklands.
A few months ago, EACC ordered the Ethics Commission for Cooperatives to start the probe into the matter and, up to date, nothing has been done.
“The commission received information of the alleged sale of two properties alleged to have been sold by some officials without notifying the members, and the properties belonged to Harambee Sacco,” the letter seen by cnyakundi.com reads in part.
It is approximated that the two properties are worth Sh256 million, but the appropriated cash of the said other plots mentioned above is yet to be revealed but it involves millions.
According to a member of the Sacco, the management has continued to defraud the Sacco and has become rude at the same time.
“Every day, we get news of our properties being sold by our leaders.
I urge the Anti-corruption body to crack the whip and bring justice to our doors,” the source said.