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Man That Lost Millions Through Diamond Trust Bank Insider Fraud To Sue The Terrorism-Linked Bank

A Kenyan that lost money through Diamond Trust Bank insider Fraud has decided to sue the money laundering and terrorism linked Bank.

The Customer had opened a bank account with DTB Kitale branch in 2014 together with his partner.

In September 2016 the customer noticed some withdrawal cheques he wasn’t aware of but lawfully, the mandate to sign was for him and his partner.

So after a few weeks, the customer was admitted to hospital for a long time and when he came out he decided not to follow it up.

He involved himself with other issues after hospital but he met someone who I explained that issue and HR referred me to central Bank supervision. He raised that issue with the regulator.

He used to have a business of buying maize from farmers selling to Millers in Kitale.

Him and his partner had the mandate to sign for any transaction.

DTB Kitale branch allowed 7 withdraws amounting to 1.4M without his signature.

Efforts to do a complaint letter to the DTB and CBK were fruitless till the editor of this site exposed these two institutions that the customer got a response from the CBK a few days ago.

The Central Bank of Kenya, in their response, affirms that DTB said they didn’t commit any offence, urging the customer to take legal action if he wants and that is what he is now intending to do.

There have been many complaints about insider fraud within DTB with no action from the Central Bank Of Kenya governor Patrick Njoroge.

The editor of this site will follow up the legal battle to the end


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By Cyprian, Is Nyakundi

Cyprian Nyakundi is a Kenyan-based blogger who has an interest in politics, governance, corporate-fraud and human-interest stories. Kindly drop me a note if you feel aggrieved on any matter that you would want to be highlighted.
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