News

Barclays bank explains how fake Ksh 2B ended up in their safe

Fake Ksh 2 billion in dollars was recovered at Barclays bank Queensway branch, a case that raised many questions on how such enormous amounts of money was in a bank’s safe deposit box.

A safe deposit box is a vault located in a very secure area within the bank and rented out to customers at a fee.

20 million US dollars were recovered at one safe box by detectives and flying squad police having been tipped off.

Read Also: Winnie Odinga tackles social media critics

Barclays bank then issued a statement after that arrest distancing themselves from having known of the existance of such fake amounts in the customer’s locker.

“Barclays bank can confirm that police have taken in the customer for further questioning. The customer had concealed fake currency in his personal safe deposit box against the banks rules and regulations which include restrictions of items which can be held in the safe deposit box… The contents of personal safe boxes are not part of the bank’s deposits and are only known to the client,” said the bank in a statement.

The bank insistsed that they never know what valuables a customer stores in his or her safe box.

Read Also: Nairobi Governor Mike Sonko in court drama

Barclays bank confirmed that they are cooperating with authorities in this investigation.

Typically, customers rent safe boxes to store valuables such as jewellery or important documents as title deed.

It is understood that a safe box has two keys. One issued to the customer and the other remains in the banks. To access it, both keys are required and thus the customer and a bank representative must be present on unlocking it.

2 COMMENTS

  1. Howdy I am so delighted I found your weblog, I really found you by mistake, while I was searching on Yahoo for something else,
    Regardless I am here now and would just like to say
    thanks for a tremendous post and a all round exciting blog (I also love
    the theme/design), I don’t have time to go through it all at the moment but I have
    book-marked it and also added your RSS feeds, so when I have
    time I will be back to read more, Please do keep up
    the superb b. adreamoftrains best web hosting company

  2. I would like to thank you for the efforts you’ve put in writing
    this site. I’m hoping to check out the same high-grade content from you in the future
    as well. In fact, your creative writing abilities has inspired
    me to get my own, personal blog now 😉

LEAVE A RESPONSE

Your email address will not be published.

%d bloggers like this: