Court freezes accounts, crypto assets over Sh1.5bn Equity Bank heist
Investigators revealed that several companies involved were allegedly incorporated specifically...
The High Court has ordered the freezing of up to Sh303.2 million across multiple bank accounts and cryptocurrency holdings tied to individuals and companies accused of milking Sh1.5 billion from Equity Bank.
The High Court has allowed Equity Bank to freeze the accounts of four individuals and five companies accused of receiving part of Sh1.5 billion allegedly diverted from the lender through fraudulent salary-disguised transactions two years ago.
The court capped the frozen bank accounts at a combined Sh303.2 million, against the Sh1.5 billion allegedly stolen using a former manager through diversion of funds from Equity Bank’s salary-processing ledger.
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- court
- equity
- bank
- heist
- account
- asset
- investigator
- company
