DRC Military Accused KCB Bank Of Attempting To Launder USD8M From Kinshasa
Congolese military had withheld 8 million US dollars that was due to be repatriated on the suspicion of a money laundering scheme. It has now...
Tag : KCB Bank Group
Great Wall Residents Facing Eviction
Hundreds of homeowners in Kenya’s flagship affordable housing project could lose their investments after a major bank moved to seize control of the development. Kenya...
Court Freezes Millions Of Kivaa Ventures Over Alleged Fraud
The High Court has frozen more than Sh10 million belonging to a company suspected to have defrauded members of the public. Anti-Corruption High Court division...
Court Locks Out Mysterious Dubai-Firm Vartox From Managing Mumias Sugar Assets
The Court of Appeal has locked out an administrator appointed by Dubai-based firm, Vartox Limited, from managing Mumias Sugar Company assets. Court of Appeal judges...
Friction At Higher Ranks Of KCB As CEO Oigara’s Term Is Extended Despite Integrity Queries
There is growing friction within higher ranks of the Kenya Commercial Bank’s (KCB) leadership hierarchy after Board of Directors secretly extended Joshua Oigara’s tenure by...
Mumias: Why State And Receiver Are Uneasy With Group
Scepticism is growing about the true intentions of billionaire Jaswant Rai’s bid for the takeover of the assets of Mumias Sugar Company. Those opposed to...
KCB Bank Taken To Court For Stealing Firm’s TIN To File Tax Returns
Kenya Commercial Bank (KCB) is under spotlight for involvement in internal fraud, as well as intention to defraud Uganda’s taxman. The court case is likely...
How Youth Enterprise Development Fund Court Case Exposed the Unethical Side of KCB
In 2018, KCB was fined 149.5 million by CBK for failing to report suspicious transactions relating to the theft of the National Youth Service (NYS)...
Irony of rich banks in an ailing economy
If you had Sh1,000 in August last year and used it to buy 30.3 Equity Bank shares, your stake in the lender would be worth...