Sacco News Reports

THE BRIBERY ACT, 2016

The government passed the Bribery Act 2016 with its operational date being 13th January 2017. The Bribery Act has been designed to provide for the prevention, investigation and punishment of bribery and other corrupt practices both in the public and private sectors.

It thus applies to all Cooperative Societies, which have been clustered as private entities and the officers thereof.

Particular regard ought to be made to Part III thereof which requires every private entity, DT-SACCOs included, to put in place procedures for prevention of bribery and corruption. Failure to put in place such procedures, with the consent or connivance of the officers of the entity may result in to prosecution under the Act.

The part equally makes private entities criminally liable for acts of bribery and corruption committed by their associates such as agents, employees, or in any other capacity so long as the bribery or corruption was intended to benefit the private entity, or enable the private entity to obtain advantage in its business.

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