http://www.businessdaily.../-/jsbsn2z/-/index.html

Bandia Bank. I would not bank with NBK. I would not buy NBK shares. Conmen.

"The National Bank chairman, Mohammed Hassan, has been accused of aiding a Sh100 billion money laundering scheme at one of Kenya’s largest chartered flight operators — Bluebird Aviation." >>> Miraa operators.

"Mr Hassan, who started off as a finance analyst at Dyer & Blair before rising to become the investment bank’s executive director, has been accused of being the conveyor belt linking Bluebird’s accounts to the pockets of Mr Hassan’s partners." >>> Money Laundering.

“The money Hussein Ahmed Farah, Hussein Unshur Mohammed and Mohammed Abdikadir Adan fraudulently misappropriated and used for their personal or collective use in the last 23 years is approximately between $750 million (Sh76 billion) and $1 billion." >>> There is a guy Mohammed Adan, I think, who is a major shareholder in many firms. I wonder if he is the same one mentioned here.

“Due to the massive cash held by the three directors in American dollars, the company and its associates have been undertaking a massive money laundering exercise running into tens of millions of dollars." >>> The chairman of a bank being accused of money laundering.

"The bulk of the money fraudulently obtained from the company is channelled through one Mohammed Hassan, the chairman of the National Bank of Kenya,” Mr Abdi says in an affidavit filed at the High Court. >>> There you have it.

"He holds that his co-directors have spent a huge chunk of Bluebird’s funds to increase their private share portfolios in the Nairobi bourse through Dyer & Blair, but does not specify whether the stock purchases were made when Mr Hassan was still at the helm of the investment bank."

over a period of 23 years. Very possible !!!!!

This is one of the stupidiest newspaper report ive seen. the man is just the chairman of NBK....All the deals were transacted outside NBK...The man is also a founder of KIRWITU,,,i did not hear a mention of that....This is just a scheme to tarnish NBK by bringing in non issues

I have a lot of NBK shares and I agree with @Madebe...

@Madebe sometimes mainstream media is a gun for hire so that there follows a drastic drop in share price. After the master has loaded at lower entry level massively, the same media will publish a sweet story that could prompt every Joan and Tom to dive in. That is how quick money is made by crooks and lost by Wanjiku in Securities Exchanges improperly regulated all over the world. Take care! Shafting continues...

This one went #RIP long time ago!!!!! Dust to dust.

That's exactly how I operate

Amen!

KQ, Neveready, ADSS, Olympia, etc...

It is possible, washing priracy money. Have you seen the P&L/BS of that public quoted co. they operate. Tells alot about the main actors....