FALLEN DUBAI BANK DIRECTORS CHARGED WITH TRYING TO DEFRAUD ANOTHER BANK.

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Dubai Bank senior officials Messrs Hassan Zubeidi, Ali Sheikh, Adam Ali Mwanaidi, Faith Wairimu Munyoru and Robert Gatobu at Milimani law court’s on Thursday July 14,2016.
BY SAM ALFAN.

Dubai Bank senior officials have been charged with conspiring to defraud another lender more than Sh48 million.

Messrs Hassan Zubeidi, Ali Sheikh, Adam Ali Mwanaidi, Faith Wairimu Munyoru and Robert Gatobu are alleged to have conspired to steal Sh48 million from Bank of Africa on July 2  2015.

Dubai Bank has since been placed under statutory management following unethical banking practices.

Besides the four who appeared before senior principal magistrate Martha Mutuku, two other senior managers of the collapsed bank Professor Wilson Nandwa Hassan and Mary Immaculate did not attend court as directed by Milimani chief magistrate Daniel Ogembo.

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