1.5 mbirioni heist at Equity. Mwangi Trade Bank script

[gout]

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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/

[Kadudu]

Insider job and that one manager could not have pulled this one alone.

[Nefertiti]

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.

[gout]

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.

[Nefertiti]

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.

[KenyanPlato]

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

[Nefertiti]

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.

[gout]

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.