KCB reports Foxcapital to DCI over alleged forged documents in Sh126bn suit
In a complaint to the DCI’s Banking Fraud Investigations Unit, KCB accused Foxcapital of filing documents and making statements under oath in High Court Commercial Suit No. E533 of 2026 that the bank says are forged or were not authorised by KCB.
Kenya Commercial Bank (KCB) has reported Foxcapital Investment Limited to the Directorate of Criminal Investigations (DCI) over allegations of using forged documents in a commercial dispute worth approximately Sh126 billion. The bank accused Foxcapital of filing forged or unauthorized documents and statements in High Court Commercial Suit No. E533 of 2026.
The dispute centers around a purported transfer of €978.68 million (Sh147.6 billion) from BB Biotech AG's UBS Switzerland AG account to KCB's Sarit Centre Branch. KCB has contested the authenticity of various documents Foxcapital presented, including SWIFT messages, internal records, and reports attributed to KCB officials. The bank has provided the DCI with an affidavit and supporting documents, placing the disputed documents under criminal investigation, distinct from the ongoing commercial proceedings in the High Court.
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