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Forum => Kenya Discussion => Topic started by: gout on August 15, 2024, 02:52:08 PM

Title: 1.5 mbirioni heist at Equity. Mwangi Trade Bank script
Post by: gout on August 15, 2024, 02:52:08 PM
Seems Trade Bank script 40 years later.

The media silence and then abduction drama says it is the big mbois retirement package.

https://biznakenya.com/equity-bank-money-heist/
Title: Re: 1.5 mbirioni heist at Equity. Mwangi Trade Bank script
Post by: Kadudu on August 15, 2024, 03:02:27 PM
Insider job and that one manager could not have pulled this one alone.
Title: Re: 1.5 mbirioni heist at Equity. Mwangi Trade Bank script
Post by: Nefertiti on August 15, 2024, 08:52:43 PM
Seems Trade Bank script 40 years later.

The media silence and then abduction drama says it is the big mbois retirement package.

https://biznakenya.com/equity-bank-money-heist/

Banks get robbed all the time. Media blackout is the SOP. I doubt the "big boys" include CEO Dr James Mwangi - that's petty cash to him.
Title: Re: 1.5 mbirioni heist at Equity. Mwangi Trade Bank script
Post by: gout on August 17, 2024, 01:35:05 AM
His shares are worth 7 mbirioni.

Seems Trade Bank script 40 years later.

The media silence and then abduction drama says it is the big mbois retirement package.

https://biznakenya.com/equity-bank-money-heist/

Banks get robbed all the time. Media blackout is the SOP. I doubt the "big boys" include CEO Dr James Mwangi - that's petty cash to him.
Title: Re: 1.5 mbirioni heist at Equity. Mwangi Trade Bank script
Post by: Nefertiti on August 17, 2024, 11:13:30 AM
Exactly. Equity is his baby it would be robbing himself.

His shares are worth 7 mbirioni.

Seems Trade Bank script 40 years later.

The media silence and then abduction drama says it is the big mbois retirement package.

https://biznakenya.com/equity-bank-money-heist/

Banks get robbed all the time. Media blackout is the SOP. I doubt the "big boys" include CEO Dr James Mwangi - that's petty cash to him.
Title: Re: 1.5 mbirioni heist at Equity. Mwangi Trade Bank script
Post by: KenyanPlato on August 17, 2024, 12:50:37 PM
Equity has always been a bank started by a corporate thug and will end up failing because once the leader is a thief everyone becomes a thief by association
Title: Re: 1.5 mbirioni heist at Equity. Mwangi Trade Bank script
Post by: Nefertiti on August 17, 2024, 02:35:52 PM
Equity has always been a bank started by a corporate thug and will end up failing because once the leader is a thief everyone becomes a thief by association

Equity grew organically from a sacco to a regional bank. They have tried to set an example of hard work pays. Of course at $1B stockworth it's no Softbank but give credit where it's due.

What Mwafrika needs is good role models. Business models. Equity has beat Safaricom by expanding regionally Rwanda, Sudan, DRC. Safcom is only in Ethiopia and done little with their piles of cash.
Title: Re: 1.5 mbirioni heist at Equity. Mwangi Trade Bank script
Post by: gout on August 21, 2024, 02:47:22 AM
There had to be movements in the C-Suites.

https://nation.africa/kenya/business/companies/gerald-warui-leaves-equity-bank-kenya-4727940

KCB fired 22 employees over fraud.

https://www.kenyamoja.com/video/kcb-group-fired-22-employees-year-ended-december-2023-fraud-related-offences-ntv-video-929798

The Banking Fraud Unit sijui Cyber Crime as long as they are told to go slow on political thugs fraud will flourish.