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The Central Bank of Kenya (CBK) and its agency Kenya Deposit Insurance Corporation moved to court yesterday seeking a Sh45 billion refund from Imperial Bank directors and shareholders. The CBK is seeking orders to freeze assets of 44 companies associated with Imperial Bank’s directors and shareholders.
In an urgent application made at the High Court yesterday afternoon, CBK and Imperial Bank Limited, which is under receivership (first plaintiff) through its agency, the (second plaintiff) have sued Director Alnashir Popat (first defendant) and nine other directors for Sh2.7 billion they purportedly declared as dividend.
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