[PHOTO: BONIFACE OKENDO/Standard]Central Bank of Kenya (CBK) employees have been linked to a scheme to defraud Imperial Bank, which has since been put under statutory management. Popat was accompanied by Imperial Bank non-executive directors Hanif Somji, Anwar Haji, Jinit Shah and Omurembe Iyadi (independent director). Mr Popat told the MPs that there was grave conflict of interest in investigations by CBK. The bank directors hit out at the receiver manager — the Kenya Deposit Insurance Corporation (KDIC) — for unfairly targeting them for prosecution when it was clear that they had no criminal liability. Former Imperial Bank Limited Chairman Alnashir Popat, while appearing before the National Assembly Parliamentary Committee on Finance, Planning and Trade, also turned up the heat on former Imperial Bank external auditors, PKF-Kenya, who played a role in the collapse of the lender.

Source: Standard Digital June 08, 2016 07:18 UTC