Three men arrested for fraud at Kenya’s central bank
Three men were arrested at the Central Bank of Kenya’s headquarters on February 16 after they attempted to cash in counterfeit treasury bills.
Alfred Keter, the member of parliament for the Nandi Hills region, was remanded alongside Arthur Ingolo Sakwa and Madat Suburali Chatur, a spokesperson from the central bank confirms.
“They presented forged 90-day Treasury bills with a face value of 633 million Kenyan shillings ($6.25 million), and a date of 1990. The matter and the individuals are now
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
South Sudanese president fires sixth governor
IMF praised central bank policies in May as country’s economic crises grow
UK’s PM should have power to fire BoE governor, politician says
Former minister says Bailey lacks confidence among finance sector and politicians
IMF holds Georgia deal over central bank and sanctions unease
Three vice-governors quit after central bank refuses to implement US sanctions against businessman
Thai PM meets governor after unexpected rate rise
BoT said new government’s spending package is an inflation risk, as currency falls
National Bank of Georgia plunged into turmoil over US sanctions
Central bank says enforcing sanctions on a Georgian citizen would violate constitution
Turkey raises policy rates for fourth consecutive time
Foreign exchange rates little changed, despite president’s commitment to tight monetary policy
Second Ecuador candidate promises to spend reserves
Both candidates now plan to raid central bank funds, despite 2021 law
New Zealand finance minister defends dual mandate
Robertson rejects calls for changed mandate and new regulator ahead of general election