Four suspects linked to Ksh.2B fake notes at Barclays Bank have been denied bail.
The court have ordered the police to remand them at Kileleshwa police station until Tuesday.
Director of Criminal Investigations George Kinoti reported that Sh2 billion in fake US dollars was found stashed in Barclays Bank client’s safe deposit box.
This was after Flying Squad officers, led by their boss Musa Yego, pitched tent at the bank’s Queensway branch, Nairobi, to investigate a fake currency syndicate that took the city by storm.
Accompanied by detectives from the DCI, the officers spent hours at the bank, with reports indicating that a customer had brought in a haul of fake cash.
Detectives tried to find out how a customer managed to store the currency undetected for an unspecified period.
Banks offer clients safe deposit boxes to store vital documents such as title deeds, logbooks, marriage certificates, insurance policies, jewellery, foreign currency, educational certificates among others.
However, customers are required to make full disclosure of the valuables and banks retain spare keys for the boxes and are allowed to conduct inspection from time to time.
Operations at the bank were temporarily disrupted as the contingent, which arrived in several vehicles, alighted, stormed the banking hall and started searching for the fake bills.
The four suspects were arrested and arraigned in court today where they were denied bail.