Tuesday, September 28, 2021

Equity bank denies issuing Harun Aydin Ksh 15B loan

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Equity Bank has come out to deny allegations that they approved and issued a Ksh 15 billion loan facility to Turkish businessman Harun Aydin.

Speaking before the National Assembly Committee on Finance and National Planning, Equity managing director George Warui confirmed that the businessman does not have an account with them.

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Warui was shedding light on the allegations confirming that they do not have any business relations with the Turkish national.

Equity Bank was mentioned by DP William Ruto who confirmed that he contacted them so as to offer the businessman a loan which was approved. The loan was to build a pharmaceutical company in Uganda.

Speaking on Inooro TV, Deputy President William Ruto confirmed that he was informed about the pharmaceutical company project by President Yoweri Museveni and he had the investor in mind who walked to his office.

In order to complete the project, the investor required a loan and he called the bank who approved and extended the loan.

Equity Bank confirmed that they cannot approve any loan above Ksh 2.3 billion and that they will need time to confirm from the other senior managers at the company.

Harun Aydin was deported following his return from Uganda with the government confirming that the decision was reached between the two governments.

“No. The Kenyan government has not apologized. The Turkish national was deported on agreement between our two governments. Our security apparatus were in communication before and during the exercise.” Said CS Dr. Fred Matiang’i.

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