Court orders bank to give records in banking fraud case
Business
By
Collins Kweyu
| Jun 11, 2024
A court has directed an investigator to obtain all documents from a bank that is being investigated over alleged banking fraud.
Milimani senior principal magistrate Bernard Ochoi on Friday, gave the directions after a representative from Stanbic Bank Kenya Limited told court they were ready to serve the required records by the investigator Caroline Omwoyo.
This is after banking fraud investigation unit filed an application in April this year seeking the court to issue a warrant to investigate bank account(s), investigate books of an account in the name of Air Afrik Aviation domiciled at the bank.
The investigating officer also sought to inspect,investigate, obtain information and demand to be supplied with and exhibits from the bank.
Omwoyo also wanted an order for the bank officials to record statements regarding the account and the disputed entries therein.
READ MORE
Why Mbadi's Sh4.8tn budget is out of touch with 'hustlers'
Somali referee banned by US to officiate European Super Cup UEFA
President has himself to blame for appearing exhausted lately
People Vs State: Mbadi's Sh4.8tr budget raises tax fears
Opposition unveils 'People's Budget' ahead of 202627 fiscal plan
Somali referee axed from World Cup after being denied entry to US
Kipkemboi, Kemuma crowned champions of Nairobi City Marathon
MPs slash State House budget, pump billions into welfare
FIFA reveals 48 World Cup team base training sites
'Stop misleading Kenyans on Finance Bill 2026,' Mbadi tells opposition leaders
"Court be pleased to issue an order compelling the Manager Stanbic bank Kenya limited, the respondent herein, to nominate authorized person to make and hand over a certificate of production of electronic evidence Certified Copies generated electronically ", the court was told.
Subsequently, orders compelling the Bank to provide the said documents and information were issued on April 17, 2024.
It emerged however that the Bank management failed to adhere to the orders.
The Bank would later respond via email on April 29 saying the requested documents were not in their custody.
On Thursday, the prosecution had sought to have head of legal at the bank be held in contempt for not honoring to the orders issued by the court.
The bank however responded that they had the documents.
The case will be mentioned on June 24 to confirm compliance of documents received from the bank.