Imperial Bank directors including former chairman Alnashil Popat had dragged CMA to court seeking to stop the authority from investigating them. Updated Tue, July 5th 2016 at 08:14 GMT +3The High Court yesterday extended orders barring the Capital Markets Authority from investigation directors of collapsed Imperial Bank. CMA boss Paul Muthaura accused the director of collapsed Imperial Bank of actively frustrating investigations by his agency. The directors are seeking to stop the CMA from investigating them over information submitted when the bank was seeking to raise Sh2 billion through a corporate bond last year. Muthaura however responded that the investigation by the CBK had nothing to do with the Sh2 billion that investors lent the troubled bank.

Source: Standard Digital July 04, 2016 21:33 UTC