Dubai Bank directors charged with conspiracy to defraud Sh48 million

Five Dubai Bank directors and senior officials have been charged with conspiracy to defraud Bank of Africa over Sh48 million.

The five Abdul Hafeth Zubeidi, Ali Basher Sheikh, Adam Ali Mwanaidi, Robert Gitobu Kimonye were sued together with Dubai Bank Kenya Ltd.

They appeared before Senior Principal Magistrate Martha Mutuko and denied the charges. The court heard that they committed the offense on July 2, 2015 at Dubai Bank Kenya and Bank of Africa Kenya.

They allegedly conspired jointly with others to commit the offense. The plea against three other co-accused who failed to appear before the court was deferred to July 28.

They were released on Sh1 million bond or a cash bail of Sh300,000.