A Nairobi Court on Wednesday indicted Dubai Bank Kenya’s Chief Executive Officer Mr Binay Dutta together with other bank directors for stealing money and failing to comply with the anti-money laundering act.They are accused of stealing Ksh 12.6 million from the lender.
Even though the bank has issued an arrest warrant against Dubai Bank CEO Mr Dutta,he was not available to take plea as he is said to have fled the country probably to India,his Homeland.The other directors also did not appear before the court but were represented by their lawyers and the judge handling the case is on vacation.
It emerged that they had put up a non-existing company by the name Runway Entertainment Limited which they used to hide the stolen cash.
The matter has now been deferred to 21st December when the chief magistrate court will be sitting.
