| Updated Wed, February 15th 2017 at 15:02 GMT +3It has been 15 months since Imperial Bank Limited was placed under receivership. However, Imperial Bank Depositors have known nothing but grief. To recap the allegations in the court documents filed by stakeholders involved, it now strongly appears that Imperial Bank Limited was a piggy bank for Central Bank employees who benefited by allowing the bank to carry on years and years of suspicious transactions. With a loan book of Sh40 billion, one would assume that the bank had approximately Sh12 billion at hand. CBK is on record confirming that the bank had Sh87 billion deposits when the bank collapsed.

Source: Standard Digital February 15, 2017 09:19 UTC