×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

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.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902