Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

Why Imperial Bank may not reopen soon

The Imperial Bank saga, which has played out over the past six months, will not be ending soon. This is after it emerged that the mountain of evidence and documentation that forensic auditors need to go through to unearth the rot is unbelievably huge.

Imperial Bank head office at westlands.PHOTO:BEVERLYNE MUSILI

According to the Central Bank of Kenya (CBK), the evidence to be interrogated, which is about 1.2 Terabytes (TB) of electronic data is so huge that if printed on regular paper it would “stack 7,200 kilometres tall.”

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902