By ABIUD OCHIENGMore by this AuthorShareholders of the fallen Imperial Bank say Central Bank of Kenya employees participated in a fraud the regulator wants to investigate. Imperial Bank Limited in receivership, Kenya Deposit Insurance Corporation and CBK lodged a fresh suit against former directors and shareholders in a bid to recover Sh45 billion that sent the lender into receivership. The shareholders oppose the move, arguing that CBK was complicit in the activities that led to the bank’s collapse. Shareholders have also learnt that former Governor Njuguna Ndung’u had a more than cosy relationship with Imperial Bank MD Abdulmalek Janmohamed,” the shareholders said in the court papers. They attached email conversations showing payments made by Janmohamed for Prof Ndung’u and his wife to visit a spa in Thailand.

Source: Daily Nation October 12, 2016 21:11 UTC