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City tycoon sues banking fraud unit for blocking his access to financial services

[Courtesy]

A city tycoon has sued the banking fraud unit for blacklisting him over allegations of money laundering and dealing in proceeds from crime.

James Kinyanjui, the proprietor of the multi-billion shilling Edenville Estate on Kiambu Road, is accusing the Banking Fraud Investigation Department of illegally issuing a directive to banks to stop dealing with him, thereby denying him opportunity to trade and meet business obligations.

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