Commercial Bank of Africa limited has dismissed claims that it is an a surety of Jack Wolf who is accused of drug trafficking.
Group MD Isaac Awuondo said on Friday that CBA's involvement in Wolf's case is limited to giving the guarantee requested by its client to court.
Awuondo said that the bank itself is not a surety as claimed in media.
In a public notice Awuondo said: "In relation to articles appearing in the online media, the Commercial Bank of Africa Limited wishes to clarify that it recieved a request from a client, a legal firm to issue to Kibera law court bank guarantees in the amount of Sh140 million in respect of an ongoing court case."
On Thursday, the bank had confirmed it would give Sh140 million of Jack Wolf's family's money to the state should he fail to appear in court over drug trafficking.
Anne Mumbi, who works in the bank's trade section department of guarantees, appeared at Kibera law court on behalf of her boss.
The court had issued CBA, the custodian of the family's money, with summons to produce records confirming undertaking of surety.
The matter will be heard on Friday when the court will examine Wolf's father and brother, who will be sureties for the accused.
Wolf denied charges of trafficking 99.7kg of cocaine worth Sh598 million and was granted release on Sh70 million bond.
He has been in Industrial remand prison for close to two weeks pending the processing of his bond.
The DPP had moved to the High Court to block Wolf's release arguing he is a flight risk since is a British citizen, he is a flight risk.
But the High Court upheld the decision to on bond.
Wolf was charged alongside Roy Mwanthi, a director of a clearing company, whose bond was set as Sh60 million.
Read: