A court case has revealed how a bank’s blunders allowed employees of an agri-trade company to swindle cash from their employer using a fake account, raising questions on its due diligence credentials.
It all started in 2014 when Jumbo Commodities Limited, a company that trades and distributes agricultural commodities, received cheques worth Sh2,001,900 from its customers to be deposited at I&M Bank.
