Ex National Bank of Kenya boss Munir Ahmed arrested fleeing the country

The former CEO is accused of cooking bank's books to impress shareholders

Munir Ahmed
Former National Bank of Kenya CEO Munir Ahmed was arrested trying to flee the coutry. PHOTO: SALATON NJAU/NATION MEDIA GROUP

Former National Bank of Kenya Chief Executive Officer Munir Ahmed was on the night of Thursday, July 15, apprehended at the Jomo Kenyatta International Airport (JKIA) while trying to flee Kenya.

It is being reported this was due to financial malpractices and fraud charges during his tenure at the helm of the mid-tier lender for a period of four years.

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National Bank of Kenya is owned by the government, mostly.

Munir hit the headlines a while back when he was accused of ‘cooking’ the bank’s financial records to mislead the shareholders that the bank was in good shape when it was clear the institution was in the doldrums.

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Police said Ahmed was arrested after it became clear that he was fleeing Kenya to avoid the court cases he is currently facing and it was unlikely he was going to come back to defend himself, reports the Star.

He is expected to be arraigned in court this morning.

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The paper also reported that the former CEO spent the night at Kilimani police station pending his appearance in court. Ahmed and five other managers were sacked after the bank made colossal losses.

Via Tuko