Diamond Trust Bank has caved into pressure and finally revoked the 'cancellation fee' of Sh150,000 for one of their client who jumped onto the Kenya Commercial Bank deal to buy US dollars worthy Sh300 million.

Last Thursday, the bank punished its' client of 5 years for not taking its' offer.

The client promptly informed Cofek. The Federation wrote to the Group CEO Nasim Devji reminding her that Diamond Trust Bank had been adversely named by the Central Bank of Kenya on the money laundering that aided the NYS scandal which cost the country huge losses estimated at over Sh9 billion.

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