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Boinnet Orders Arrest Of Eight National Bank, Chase Bank Executives

by PH April 9, 2016, 8:37 am

Inspector General Joseph Boinnet on Friday ordered the arrest of eight senior executives from National Bank of Kenya and Chase Bank Kenya Ltd.

On March 29, National Bank placed its chief executive officer and five top managers on leave to pave way for an internal audit.

Chase Bank Kenya’s managing director and chairman resigned on Wednesday, a day before it was put under receivership.

Boinnet said in a statement that National Bank’s CEO, Chase Bank’s former managing director and chairman and the five other National Bank officers could voluntarily present themselves to the Directorate of Criminal Investigations to avoid arrest.