The office of the DPP has been accused of delaying a case where five senior officials of troubled Imperial Bank are charged with conspiring to defraud the financial institution Sh29 billion. The accused were charged after the bank was placed under receivership by the Central Bank governor in October last year. Prosecution have listed four witnesses, including two Imperial Bank managers Anil Shah (head of internal audit) and Ikua Gacheche (head of human resource). Peter Gatere, who served as receiver manager of Imperial Bank and Banking Fraud Investigations Unit deputy head Bruno Isohi Shioso are all lined up as witnesses against the suspects. Janmohamed, the long-serving Imperial Bank’s managing director, is accused of fraudulently transferring Sh34 billion from the bank to his companies and bank accounts between 2002 to September 15, 2015 when he died.

Source: The Star August 11, 2016 19:18 UTC