The Private Sector Commission (PSC) yesterday said that it was shocked to learn that the State Assets Recovery Unit (SARU) is apparently involved in a money laundering investigation of a financial institution since its responsibility is to recover state assets.
It has called on SARU to state its mandate so as to give clarity to its role and questioned why the Finance Intelligence Unit (FIU) or the Special Organised Crime Unit (SOCU) were not the agencies undertaking the said investigation.
“The Private Sector Commission (PSC) is alarmed to learn that the State Assets Recovery Unit (SARU) is involved in a money laundering investigation of a major financial institution as per a headline in the
