Senior managers at Credit Bank PLC are under probe by the Central Bank of Kenya (CBK) and the Anti-Banking Fraud Investigations Unit (BFIU) domiciled under the Directorate of Criminal Investigations for defrauding depositor’s money amounting to Sh3, 690,000.
The money sent through RTGS on June 2, 2017 to bank’s client to his Credit Bank Koinange Branch was diverted to a separate account against the payment advise.
A senior official at the bank in collusion with a lady bank client are accused of orchestrating the fraudulent scheme to divert the money to the lady’s company account.
They are also accused of forging signatures of two account holders at the bank including that of the complainant pretending to be joint signatories of the account the money was diverted to.
According to the payment advice in our possession, the money was to be transferred to the complainant’s personal account.
Sh500,000 was withdrawn in cash using Office Ventures cheque number 000002 dated July 10, 2017 and the complainant signatures was allegedly forged in pretex that he is a signatory in the account.
The balance transferred to the lady’s personal bank account whois believed to have been used as a conduit to embezzle the money in question.
The complainant has since disowned any knowledge of being a director or shareholder to Office Ventures.
“We acknowledge receipt of your Email correspondence and queries therein noted. We wish to advise that the matter has been handled through various channels with the client including but not limited to physical meetings and written communications. Further, the matter was earlier raised through Central Bank of Kenya and was sufficiently responded to. We confirm that all transactions are handled in accordance with the prudential guidelines.” Credit Bank Chief Executive Officer (CEO) Betty Korir told The Informer.
The investigations are likely to blow off the lid into the dirty dealings by financial institutions targeting to defraud depositors money.
If found guilty, the bank is likely to suffer irreparable damage and risk massive bank run by depositors.