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Controversial Kenyan billionaire Samuel James Kinyanjui has lamented that all local banks have rejected his money.
The Nairobi tycoon, who has been under probe over his suspect financial dealings for years, said banks refused to serve him after receiving instructions from banking fraud investigators.
Kinyanjui has moved to the court seeking orders to have banking fraud detectives barred from blacklisting him.
“I have been to several banks and have been informed that the first respondent has circulated my name under the Proceeds of Crime and Anti-Money Laundering Act and listed me under the anti-money laundering records,” he says in his application.
In 2015, anti-money laundering agency linked the tycoon to a network of US, Nigeria and South Africa-based individuals suspected to be working with him in moving large sums of money around the world in laundering scheme.
Kinyanjui has invested heavily in real estate sector, which is part of his massive business empire. His wealth include Sh2 billion Edenville Estate in Kiambu and a multi-million flower firm, Torito Roses.
The businessman says his vast business is suffering because he cannot get any financial services from banks as a result of the banking fraud unit’s directive.
In 2015, the court allowed him to continue operating one of his bank accounts held in Diamond Trust Bank (DTB), which had been blocked as part of the probe.
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si nipewe number zake
This man should be allowed to bank his money as long as he will account for it. It should also be properly audited. All the lawyers of all the parties involved should come to an agreement on how that money will start to be deposited in the banks again and should sign an avid avid to get the bank proceedings start smoothly.
Wealthy people don't need banks!!! They bankroll themselves!! He just needs to clean his money and legitimate banking is the only way to do it.
open your own bank
I don’t understand why they hold money for Normal Kenyan billionaires/millionaires while these people are developing their economy, letting diaspora to give them wealth and are suffering in abroad, Deputy president Gachagua should look into this as he was a victim! Mr Kinyanjui is getting old and he needs to live seeing what he sweated made him and others happy, you aren’t just punishing him but also his entire family, and he should Not be taxed as it wasn’t his fault 🙏🏼
Get them all...and while at it, remember to do the POLITICIANS...wote sanya. The other day a friend was telling me how this western Kenya ex-politician bought ten houses, each at 100m...yes Kshs. 100 million, in a high-end area....at once..... Where does such money come from?
Kai ithue tuthukumaga tukiiyaguo? Oh yes, forgot, we get screwed by them leaders...slow and sure.