August 24, 2019

Sh2bn fake cash found at Barclays Bank

Police officers keep guard outside Barclays Bank of Kenya Queensway Branch in Nairobi in ongoing fake cash investigation on March 19, 2019. PHOTO | VINCENT ACHUKA | NATION MEDIA GROUP

Director of Criminal Investigations George Kinoti on Tuesday reported that Sh2 billion in fake US dollars was found stashed in Barclays Bank client’s safe deposit box.

This was after Flying Squad officers, led by their boss Musa Yego, pitched tent at the bank’s Queensway branch, Nairobi, to investigate a fake currency syndicate that took the city by storm.

Accompanied by detectives from the DCI, the officers spent hours at the bank, with reports indicating that a customer had brought in a haul of fake cash.

Detectives tried to find out how a customer managed to store the currency undetected for an unspecified period.

Banks offer clients safe deposit boxes to store vital documents such as title deeds, logbooks, marriage certificates, insurance policies, jewellery, foreign currency, educational certificates among others.

However, customers are required to make full disclosure of the valuables and banks retain spare keys for the boxes and are allowed to conduct inspection from time to time.

SUSPECTS

The hitherto unnamed client is said to have been keeping fake dollars in one of the bank’s safes.

He is said to have been bringing potential investors to the bank to see his ‘largesse’ and police suspect he was on a mission to defraud the businesspeople.

The client was cornered by the officers on Tuesday morning after he came to check on his ‘wealth’.

Operations at the bank were temporarily disrupted as the contingent, which arrived in several vehicles, alighted, stormed the banking hall and started searching for the fake bills.

The detectives appeared to have been on the trail of the suspects — one foreigner and two Kenyans — for a while.

The three were arrested at about mid-day at the bank. It is said that one of the Kenyans, who owns the safe deposit box, had been spotted a number of times displaying its content to strangers.

This article was first published by Daily Nation

Comments

comments