Foxcapital
Investment Limited sued KCB Bank earlier in 2026, alleging a €978.675 million
transfer from a British-linked entity via UBS Switzerland arrived in late 2025
but was never credited to its account.
KCB's CEO Paul Russo wrote to Kenya’s Directorate of Criminal Investigations on 28 August, stating UBS confirmed the documents are not genuine, no SWIFT transaction exists in their systems, and their own compliance reports were falsified.
The High Court has preserved any potential funds in suspense pending a hearing, while public observers question the lack of sender verification and note the claim's scale rivals major investments.