A former managing director of a Bank is being investigated over claims he was involved in the approval of sh. 2.2 billion loan to four suspects believed to have swindled Sh20 billion from the late Mombasa tycoon Tahir Sheikh Said (TSS).
Police investigating the matter confided to The Standard that they were also investigating two former senior managers of the bank who are suspected to have colluded with the five suspects already in the court to get the said loan without approval of the board of directors.
“We are closing in on the suspects and they might be arraigned in court very soon after we have completed investigation into the scandal, “said the police.
Police said this after Mombasa Senior Principal Magistrate Francis Kyambia decision to cancel the release of a passport to Awey Ahmed Mohamed who had successfully applied for its release.
Awey a British citizen who has been charged along with Zein Mohamed Ahmed, Zahir Abass Khala, Victor Arara Were and Mwangi Muturi who were former employees of the TSS Company are out on bond.
The magistrate cancelled the release of the passport after the police alerted the Director of Public Prosecution that Awey who had applied to have his passport swerved with his wife and children’s passport was a suspect.
The police alerted the police that the passport should not be released to Awey because the request to swerve his passport with the wife could not work.
The suspects are believed to have committed the offences between February 8 2011 and October 2015 at TSS Grain Millers in Mombasa. The case will be heard in June 11.