Between April 9 and April 15, there was a large-scale debit scam that cost the bank KSh 290 million. Equity revealed in a letter to the DCI’s Banking Fraud Unit that 551 bank accounts received KSh 179 million of the entire sum.
Nineteen people were apprehended by the detectives and interrogated over the scam. According to People Daily, detectives from the Directorate of Criminal Investigations (DCI)’s Banking Fraud Unit are questioning 19 individuals who are suspected of being involved in a scam that cost Equity Bank KSh 290 million.
Between April 9 and April 15, the suspects carried out a huge debit fraud, defrauding the bank of millions of dollars.
The bank reported that KSh 179.7 million had been fraudulently paid out to 551 bank accounts in a letter addressed to the police; KSh 63 million had been given to M-Pesa, and KSh 39 million had been sent to 11 commercial banks.
The fraud was found by Equity Bank’s risk department after they saw a rise in transactions on the bank’s Incoming MasterCard GL.
In their investigation to make some recovery, the detectives involved the aforementioned banks and Safaricom. A netizen has said, Those are internal thieves.We know the culture of those who own the bank as well.