Former Chase Bank chairman arrested

Former Chase Bank chairman Zafrullah Khan. FILE PHOTO | DIANA NGILA | NATION MEDIA GROUP

Police on Tuesday night arrested and detained former Chase Bank chairman Mohamed Zafrullah Khan in connection with the loss of money from the lender.

Officers from the Banking Fraud Investigations Unit arrested Mr Khan after Director of Public Prosecutions Keriako Tobiko ordered his prosecution, following corruption claims that led to the bank being placed under receivership.

Mr Tobiko had ordered that Mr Khan and six other officials be prosecuted. Police had not found the six other officials by Wednesday morning.

Police said they would charge Mr Khan in court. His his lawyer, Cecil Miller, told journalists that he had tried to persuade the police to release him on bail.

Ngatia Ireri, the head of the Banking Fraud Investigations Unit, urged the six other officials to present themselves to police.