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Dubai Bank placed under receivership for 12 months
Rank: Elder Joined: 10/1/2009 Posts: 2,436
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And MD has fled to India.
Kenya Deposit Insurance Corporation (KDIC) appointed as receiver.
Twas a long time coming..too many shenanigans been happening there.
Will depositors get their cash back?
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Who's next? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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KulaRaha wrote:Who's next?
Maybe nbk
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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KulaRaha wrote:Who's next?
Eagerly waiting. Had a fixed deposit with them which was used to secure a guarantee. Hope my money is safe.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mawinder wrote:KulaRaha wrote:Who's next?
Eagerly waiting. Had a fixed deposit with them which was used to secure a guarantee. Hope my money is safe.
@Mawinder do something... Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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#Elliott wave are smelling blood on the streets soon. Anticipated weakening US$ will sort us out!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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It had lots of shady dealings for years, something had to give
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Is Dubai Bank the same as Dubai International Bank DIB?
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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mawinder wrote:KulaRaha wrote:Who's next?
Eagerly waiting. Had a fixed deposit with them which was used to secure a guarantee. Hope my money is safe.
Today's nation claims clients withdrew deposits with them and only 4m remained as at Dec 2014
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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Lolest! wrote:mawinder wrote:KulaRaha wrote:Who's next?
Eagerly waiting. Had a fixed deposit with them which was used to secure a guarantee. Hope my money is safe.
Today's nation claims clients withdrew deposits with them and only 4m remained as at Dec 2014
Quote:The fallout between Mr Zubeidi and Ms Said revealed the seeming rot that had been going on at the bank putting at risk customer deposits that then amounted to nearly Sh2 billion by November 2012. When the fallout spilled into the limelight, depositors rushed to withdraw their funds so that by the end of 2014, only Sh4 million had been left in the bank as customer deposits. Receive with simplicity everything that happens to you.” ― Rashi
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Dubai Bank placed under receivership for 12 months
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