Money Laundering Bank ABC
The African Banking Corporation has for the last two weeks been lobbying the Central Bank Of Kenya supervision department as the lender seeks to stop their troubles that the Kenyan media has refused to highlight.
This site had reported that the African Banking Corporation (ABC) Limited has been undergoing CBK audits, stress checks and risk tests, putting questions into the dealings that the institution.
While sources at the Central Bank say the bank’s “questionable” practices are not a “copy-paste” of the Imperial Bank, which was put under receivership a few years ago, but to some degree, the activities of the two financial institutions resemble. In September 21 last year, a Mr Gerald A. Nyaoma of the Central Bank of Kenya, in an internal memo (CBK/GOV/23/09/2018) to Dr Njoroge, Dr Haron Sirima and Sheila M’Mbijjewe, said that the Supervision Department team had completed its investigations into the serious allegations that link the African Banking Corporation Limited with criminal activities. Mr Nyaoma said the investigation involved not just the CBK staff but also members of the Banking Fraud Unit, the Criminal Investigations Department, Anti-Terrorism Unit and the Office of the Attorney General.
A very reliable source has confirmed to CNYAKUNDI.COM that the bank is in talks with some CBK negotiators through the back-door to stop the investigations, with an exchange in bribes amounting into millions, we can again confirm.
CNYAKUNDI.COM can also independently confirm that the Bank has more than 1,000 Acres of land acquired from drug-linked "tycoon" Ali Badruddin Punjani. Ali Badruddin Punjani.
A confidential letter from the Scotland Yard to Central Bank and copied to the Banking Fraud Unit in January 2015 and seen by this the editor of this website says authorities in Kenya need to investigate the “strong appetite” ABC bank has for the housing sector, particularly in Nairobi and the Kenyan coast, Mombasa. It further says the bank has acquired a huge swath of land in Lamu, near where the new proposed port is to be built.
Ali Badrudin Punjani popularly known as Ali Punjani has gone into hiding as auctioneers target his properties. Last year, he is said to have tried to commit suicide by jumping from a high storey building in Mombasa town but the move was thwarted.
The "Tycoon" known to fly in and out of Kenya incognito. Apart from dwindling finances, that has made ABC land acquire his huge tracts of land to offset the loans, Punjani's other concern is that the CIA is likely to come for him after being linked to drug cartels with international connections.
Those in the know about his operation style say that he hides during the day and is rarely in seen in public only for him to emerge at night mostly from 11pm wearing a kanzu and dark glasses
Punjani together with members of the Akasha family now facing jail sentence in America were linked to international drug business.
Most of this dirty money was washed through the ABC bank with the help. ABC Bank Group Managing Director, Shamaz Savani with EAX Board Chair, Dr. Jendayi Frazer
Apart from the Punjani's, another suspected drug lord Chatur runs banks accounts at ABC Bank associated with his friends, the Savani brothers – Shamaz Savani and Ashraf Savani.
More details on the lamu land scandals to follow....