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I'm sorry, collapsed Imperial Bank chairman tells depositors

Imperial bank Non-executive director Anwar Hajee with Board chairman Alnashir Popat at the shareholders briefing in Nairobi on January 12. PHOTO: WILBERFORCE OKWIRI

NAIROBI: Majority owners of Imperial Bank Tuesday broke a three-month silence on claims of looting the bank in a meeting that saw the chairman break down in tears.

The bank’s chairman Alnashir Popat Tuesday apologised to depositors of the bank and the bond holders, an apology that may have come a little too late for more than 50,000 customers who are unable to access their cash after the scandal broke.

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