The Flying Squad unit reportedly discovered a safety deposit box containing billions in fake currency at Barclays Bank, Queens way branch in Nairobi.
An official statement released by Barclays Bank Kenya affirmed that they were assisting authorities in the matter.
"A customer who holds a personal safe deposit box at our Queensway branch was this morning intercepted by police at the branch. Police are currently investigating the contents of his safe deposit box. We are assisting the authorities to investigate this matter fully," the bank disclosed
According to reports from Daily Nation, the security authorities were camped at the bank in a bid to uncover a fake currency syndicate.
“Flying Squad and DCI officers camp at Barclays Bank Kenya, Queensway branch, Nairobi; sources say team investigating fake currency syndicate,” Nation revealed.
Reports by the nation media divulged that the Director of DCI, George Kinoti had stated that Ksh2bn in fake US dollars were found in at the Barclays Bank of Kenya Queensway Branch stashed in a client safe deposit box.
Citizen TV, on the other hand, reported that the raid by flying squad officials was as a result of the trailing of 3 suspects that ended up at the Queensway branch.
As at the time of publishing, the three suspects were being interrogated at the bank premises, with no formal statement released by the police yet.
The latest fake currency bust comes barely a month since one of the biggest busts took place at a house in Ruiru, in which Ksh 32 billion was confiscated.
