Tag Archive | "chase bank"

FORMER CHASE BANK BOSS CHARGED WITH SH 1.7 B FRAUD

Former Chase Bank chairman Mohammed Zafrullah Khan has been charged with conspiring to defraud Chase Bank of nearly Sh1.7 billion in addition to three more counts of stealing. Zafrullah Khan was on Wednesday forced to spend spent another night in police custody after his lawyer, Cecil Miller, failed to secure his release on bond. The […]

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IG ORDERS ARREST OF SENIOR CHASE BANK, NATIONAL BANK MANAGERS

The Inspector General of police (IG) Joseph Boinnet has ordered the immediate arrest of six National Bank of Kenya and two Chase Bank managers over unethical conduct. At the same time, he has given the managers the option of presenting themselves to the Director of Criminal Investigations (DCI). The 8 managers are; Chase Bank’s former […]

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CHASE BANK PLACED UNDER RECEIVERSHIP

The Central Bank of Kenya (CBK) has put chase bank under statutory management for one year due to “unsafe financial conditions”. In a press statement released today, CBK said that it had taken the drastic decision since Chase Bank had experienced “liquidity difficulties. “The Central Bank of Kenya has today Thursday appointed Kenya Deposit Insurance […]

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Michael Olunga scores a hat trick against Las Palmas

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