Investigations by Banking Fraud Investigation Department (BFID) has taken a new twist after all banks in Kenya denied banking services to Nairobi Tycoon linked to money laundering.
The banks have taken the drastic decision after the fraud department blacklisted Samuel James Kinyanjui for alleged illegal transfer and misappropriation of funds.
The investigators uncovered a network associated with the tycoon in the US, Nigeria and South Africa believed to have helped him in transferring large amounts of money around the globe in a money laundering scheme.
[caption caption="A section of Edenville Estate (Insert: Samuel James Kinjanjui)"]
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The directive has seen him file a petition with the court seeking for orders to stop the BFID and the police from blacklisting him.
“I have been to several banks and have been informed that I cannot be served because the BFID has circulated my name under the Proceeds of Crime and Anti-Money Laundering act and listed me under money-laundering records,” the court application reads.
Kinyanjui has a huge interest in the real estate sector in the country that is a part of an expansive business empire that he has created over the last 50 years.
He is the proprietor of the Ksh2 billion Edenville estate in Kiambu.
The businessman also owns Torito Roses flower firm.
It is also alleged that he has a multi-billion shilling deal of supplying oil mining equipment to the Nigerian government.
The tycoon also claims that he has legitimate business interests in South Africa, Tanzania, Uganda and the Democratic Republic of Congo.
[caption caption="The Central Bank of Kenya"]
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