Police raid Barclays Bank as fake currency scam hits Nairobi again

by David Karani

Flying Squad officers on Tuesday raided  Barclays Bank Kenya, Queensway branch, Nairobi, as they probed a fake currency syndicate estimated at sh17 billion.

Accompanied by detectives from the Directorate of Criminal Investigations (DCI), the officers spent hours at the bank, with reports indicating that a customers had brought in a haul of fake cash.

The hitherto unnamed client is said to have been keeping fake dollars in one of the bank’s safes.

The man is said to have been bringing potential investors to the bank and police suspect he was on a mission to con gullible people.

He was cornered by the officers on Tuesday morning after he came to check on his ‘wealth’ running into ‘billions of shillings’.

Operations at the bank were temporarily disrupted as the contingent, which arrived in several vehicles, alighted, stormed the banking hall on Kenyatta Avenue and started searching for the fake bills.

The bank’s spokesperson, Carol Nderi has promised to issue a statement regarding the fake currency haul.

The investigations come barely a month after Officers from the Special Crimes Prevention Unit seized a huge cache of fake currencies, foreign and local, that were hidden in a residential house in Ruiru.

Police told the press the fake currency amounted to Sh32 billion and did not reveal how they reached such a figure.

Among the currencies in the boxes were euros, pounds, dollars and Kenyan currency.

Three suspects — a couple and their female business associate — were arrested and charged in court.

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