“Six people were arrested… by DCI detectives in connection with fake currency amounting to slightly over $20 million at Barclays Kenya Queensway Branch,” the statement read.
“The fake notes in $100 denominations were recovered from the bank’s safe room.”
Those arrested include two bank officials, DCI said, adding that a person who would have been defrauded by the suspects was cooperating with the police in the investigation.
Barclays Kenya confirmed on Tuesday that the police arrested a customer who had kept counterfeit dollar notes in a safety deposit box at the branch.
The bank, a subsidiary of the South African Absa Group, said the money was not part of its deposit, and the contents of the safe deposit box were only known to the owner, adding that it was working with the police in the investigation.
Kenya’s apex bank chief Patrick Njoroge opposed the amendment saying it could derail the fight against corruption and money laundering in the country.
A case challenging the implementation of the amendments is due to be heard in Kenya’s High Court on March 29.
Source : Nbcnewyork
