Shareholders of the collapsed Imperial Bank have filed a case to have chiefs at the regulator, Central Bank of Kenya, sent to jail for six months for disobeying a court order. The CBK closed Imperial Bank on October 13, 2015, following discovery of massive fraud at the mid-tier lender, which at the time held Sh58 billion in customer deposits. "The Kenya Deposit Insurance Corporation will today commence a third disbursement of funds to depositors," Njoroge had said in a statement. "Any new claims should be lodged and processed through NIC Bank." He said Imperial Bank borrowers should continue repaying their loans as required.

Source: The Star February 14, 2017 21:27 UTC