Out of curiosity,
If @Ka-Buda wires $1M from his Royal Bank of Scotland (RBS) account in UK into my Equity Bank account in Gachie, Kenya, will there be a time that RBS will put $1M cash into a box and ship it to Equity Gachie?
If yes, how do you identify the plane carrying the dollars?
following…
Nimefika!!! Repeat the question please…
…:D:D:Dna si sisi mambirrionare tuko na machinda mingi…
No. They do not. Thanks to the internet and modern day balance scenarios.
Are you getting ideas?
http://owaahh.com/7-kenyan-criminals-who-almost-got-away-with-it/
One windy night in early January 1997, a man called Charles Omondi drove into the JKIA with the perfect plan. He had fake papers allowing his company, Chaco Inter-Afric Enterprises, to act as a clearing agent for Citibank. Other than the papers, all he had was his confidence. His plan was simple, he would walk in, present his papers, pick up a package, and run.
That’s exactly what he did. When he left the offices of the freight company, he was carrying an 11-kg bag with a $1 million (over KShs. 100 million at todays rates). It was so perfect that no one realized the money had been stolen until the real couriers arrived the next morning to pick up the money.
Meanwhile, Omondi fled to Tanzania and for a year and three months, roamed between Tanzania and Congo. He burnt through most of his money and eventually sneaked back into Kenya. On March 12, 1998, police responding to a domestic violence call in Buruburu arrested the man of the house, only to find that he was one of Kenya’s most wanted man, with a bounty on his head. He had almost gotten away with the heist of the century, only to be arrested because he was fighting with his wife over why she had moved houses in his absence.
For the bloodless heist, Omondi was jailed for three years. He was released in 2002 through a presidential pardon.
It depends. But like I said here before, money is physically moved between countries.
Very good news.
Now the difficult part: How do you identify the plane carrying the money? esp ile inaleta central bank?
Few years ago a clever fellow with inside connections at a local bank walked into KCB Kenyatta Avenue and got a bankers cheque of Ksh.300,000/-,with the the cheque in hand he took it to Barclays Bank few streets away and he deposited USD.300,000/- into his account.The matter is still under investigations by Banking Fraud Unit.
This might help
https://gendal.me/2013/11/24/a-simple-explanation-of-how-money-moves-around-the-banking-system/
The money will go to an intermediary equity bank in UK or Europe. When it hits there it’s all about settling the payment here. It will be up to Equity to know when to move money physically if there is no balance heading to a SEPA bank.
Lesson: Don’t attempt some jobs if you do not have shiny eyes.
I don’t know. But at times they use commercial airlines
Charles Omondi = @Okiya
It works the same way as the age old cheque, you get paid by a cheque, the cheque is from an a/c holder in barclays, you present it to Equity, Equity takes it to a clearing house. There they will meet other cheques from Equity a/cs that barclays presented to be paid. At the end of the day they pay however owes the other in total at an agreed date.
So this planes may be very rare especially if a countries current a/c balances. Say for example we sell tea to Pakistan then we buy rice from there. I f the total tea and rice bought and sold in say a week is the same, there will be no plane leaving Pakistan for Kenya with cash / vise versa. Now if our current a/c doesn’t balance, say we sell a million dollars of tea but buy 2 million dollars in rice, at some point a plane will have to leave Kenya with a million dollars.
You are wong.
Nice discussion…new things to learn everyday
Very informative. Thanks.
Still waiting on ’ how to identify the million dollar plane…’
Just to get a lingering question out of the way; Equity marifugua bransh Gachie rini?
hehehehe, me too.
Gachie is symbolic. Representing a very local bank ct RBS.