The Victoria Commercial Bank is under the spotlight over corruption, Impunity, corruption and Central Bank of Kenya guidelines violations.
The bank has three branches in Upper Hill, Industrial Area and Westlands all in Nairobi and each branch led by san Asian.
The editor of this site can confirm that the bank is notorious with sexual harassment. Sexual harassment by Asian managers is rife but due to fear, African female staff do not report as they would be fired.
Insiders reveal, during the 2017 election year, internal borrowing and money laundering due to fear of political crisis took centre stage. It is on these grounds, filings for the trading of the six months to June 2017 showed that gross non-performing loans and advances to customers moved from zero to Sh18.4 million, making it historic for the bank that has enjoyed an excellent credit history for over 10 years.
The Money laundering scandals at the bank are so serious that they run Chopri, a parallel bank in Indian Bank. The husband and wife who are top-notch criminals have perfected the art of mobilizing for funds from people. They usually take cash and invest in properties in Dubai, and across Africa.
CNYAKUNDI.COM has learnt that the two white-collar criminals throw lavish parties and Indian concerts where Indian celebrities are invited.
African employees at Victoria Commercial Bank are also raising issue with asian management over racism and nepotism, and secluding them to non-entities within the bank’s establishment.
According to insiders at the middle-sized commercial bank which has its offices in Upper Hill in Nairobi, the Asian managers have no respect for Africans, whom they dismiss as good for nothing.
The hiring is also skewed in favour of the Asians, who form the bulk of the employees.
However, it is dominated by Asians in the board of directors and senior management staff at the helm.
The bank’s board chair is an Asian Ketaki Sheth. She has been with the bank as a director since 2002.
The bank’s chief executive, Yogesh Pattni, also an Asian, sits on the board alongside non-executive directors Sylvano Kola (African) and Mahesh Acharya. Kola is the only African on the board.
The senior management comprises Pattni (CEO), Manish Parmar director business development, Nitin Jethwa director operations, Dharmesh Vaya general manager, Azmina Pattni head of liability relationships, Poonam Shah head of credit relationships and the other only African, Hezron Kamau, and head of finance.
Other managers are Karima Jamal, head of quality assurance, Eunice Monzi, head of trade finance, Daniel Kabuku of internal auditor, Mitesh Chouhan, head of credit administration, Mukund Patel, senior manager, Misalpesh Parmar, senior manager, Fiddelice Otwani, manager, human resources and administration, Masibo Abdullahi, head of compliance, Ruth Muasya, manager legal affairs and Charles Karanja, projects manager.
Keen observers will agree that strategic departments are in hands of Asians which the CEO, the department of credit and that of quality assurance.
Insiders say the Asian managers conduct meetings in their vernacular despising African employees which is unnatural. According to an insider, when the Asians switch to their mother tongue, they must then be talking ill of African staff, including senior managers.
Further reports indicate that the Central Bank of Kenya is investigating the parallel bank after receiving complaints that some depositors have not been repaid. The CBK is asking those who have been mistreated to bring their complaints in confidence.
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