This archive report was first published on 25 August 2021.
On August 25, 2021, the Equity Bank group faced allegations of giving a Sh15 billion loan to Turkish national Harun Aydin.
However, the bank's Managing Director Gerald Warui denied these allegations, stating that the bank does not have any banking relationship with Aydin.
Warui appeared before the National Assembly Finance Committee, chaired by Homa Bay MP Gladys Wanga, to address the allegations.
He told the committee that Aydin does not operate and does not have a banking relationship with the bank, nor does he have a loan with them.
It is worth noting that the bank's CEO, James Mwangi, was summoned by the Parliamentary Finance Committee to explain the allegations, but it was Warui who answered the summons.
