Ex-Imperial Bank directors charged with Sh29b fraud

From right: naeem ahmed shah, James Jamlick Kaburu, nashir haiderali Jessa, Zulfikar haiderali Jessa at the Milimani Law courts where they were charged with conspiracy to defraud imperial Bank and its depositors of about sh29 billion. [PHOTO: FIDELIS KABUNYI/STANDARD

NAIROBI: Former Imperial Bank Managing Director Naeem Shah and his deputy have been charged in court for the theft of Sh29 billion, alongside three W E Tilley directors.

The five top managers were yesterday accused of conspiring to defraud the bank through criminal schemes and false accounting. Naeem Ahmed Shah (former MD) and his deputy James Jamlick Kaburu together with W E Tilley directors ­— Nashir Haiderali Jessa, Zulfikar Haiderali Jessa, Nargis Aziz Jessa, and W E Tilley (Muthaiga) Ltd denied the charges read out to them before Principal Magistrate Joyce Ngandani at the Milimani Law Courts early Wednesday.