Businessman Sues Standard Chartered Bank Over Unauthorized Withdrawals

A Meru businessman has sued Standard Chartered Bank seeking to be paid damages of Sh1.9 million over alleged illegal withdrawals made from his bank account.

Julius Muthuri says the monies were withdrawn from his bank account without his consent.

He termed the withdrawal as a breach of contract, making him suffer mental anguish and loss of business.

Muthuri says in court documents told the court that the money was withdrawn on diverse dates from his account without his knowledge, authorisation or instructions.

The amounts of money that were withdrawn from his account were Sh470,000 on the 16th of September 2024; Sh490,000, which was allegedly withdrawn the following day and Sh1 million which was allegedly withdrawn on the 18th of September 2024.

Muthuri says he has always carried a legitimate expectation of protection and safeguarding of his money held with Standard Chartered Bank, a duty of care that was breached.

He argues that the Bank failed to protect and secure his money held at its institution

He faulted the bank for failure to prevent or allowing the illegal withdrawal of money from his account.

“I have suffered untold mental anguish for the loss of his hard-earned money. My businesses have ground to a halt owing to the lack of finances occasioned by the illegal withdrawal on his account held by the Standard Chartered Bank,” Muthuri told the court.