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A former managing director of a Bank is being investigated over claims he was involved in the approval of sh. 2.2 billion loan to four suspects believed to have swindled Sh20 billion from the late Mombasa tycoon Tahir Sheikh Said (TSS).
Police investigating the matter confided to The Standard that they were also investigating two former senior managers of the bank who are suspected to have colluded with the five suspects already in the court to get the said loan without approval of the board of directors.
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