Equity Bank denies issuing Ksh15 billion loan to Ruto associate

Wednesday, August 25th, 2021 14:03 |
Equity Bank's Managing Director Gerald Warui

Equity Bank of Kenya has denied advancing Ksh15 billion to an investor and an associate of Deputy President William Ruto, Turkish national Harun Aydin.

Speaking before parliamentary committee on Wednesday, the bank's Managing Director Gerald Warui said the lender has no relationship with the Turkish businessman.

"Aydin does not have a banking relationship neither does he have a loan with us," Warui told Committee on Finance and National Planning, chaired by Homa Bay Woman Representative Gladys Wanga.

Warui also told MPs that he was not aware of any phone call by the DP Ruto to the bank to request for the said funds.

Ruto had said he made a phone call to the bank after an investor approached him seeking help to fund a Covid-19 vaccine plant in Uganda.

Aydin was part of Ruto's entourage in an aborted trip to Uganda early this month.

He was later arrested and deported to his home country.

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