Kenya police chief orders Chase bankers’ arrest


Kenya’s top policeman Joseph Boinnet has ordered the arrest of eight bankers in the wake of Chase Bank going into receivership.

He said the order followed allegations of unethical conduct. The bankers have not commented.

Two are from Chase Bank and six from the state-owned National Bank, which recently recorded unexpected losses.

Three Kenyan banks have gone into receivership recently, highlighting concerns with the banking sector.

Central Bank of Kenya (CBK) Governor Patrick Njoroge ordered Chase Bank to shut its doors on Thursday after “inaccurate” rumours on social media led to a run on the bank.


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