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German Deutsche Bank closes down NBK accounts over suspected money laundering

National Bank, Harambee Avenue.(Photo: Wilberforce Okwiri/Standard)

German-based lender Deutsche Bank has shut all National Bank of Kenya (NBK) accounts over suspected money laundering activities, Weekend Business has learnt.

Sources within the bank said the closure took effect towards the end of last week. The revelations come even before the dust settles after former chief executive officer Munir Ahmed and five other top managers were edged out over corporate governance issues within the lender.

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