Two directors of a confined online forex department have been under arrest by the Banking Fraud Investigations Department (BFID) on doubt that they might have swindle the public of millions of shillings in the greatly risky and unfettered online money trading bets.

The two directors of Primary Asian Securities Ltd, Ms Elizabeth Nyausi as well as Susan Njenga, are presently out on link as they wait for the inquiry of their case on December 18.
BFID director Francis Okonya confirmed the arrest to trade every day, but declined to provide further details since the issue is already before the court.

He also declined to mention on the number of related cases facing the firm or certainly alike reports of online forex trading fraud, saying that he might only comment on particular cases.

News of their arrest came even as it emerge that online forex department operating in the nation could be contravene central bank conventions.

Refer : http://allafrica.com/stories/200712020013.html