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A court on Wednesday charged the ex-chairman of a Kenyan bank with conspiring to defraud depositors of 1.7 billion Kenyan shillings ($16 million), in a case that undermined confidence in the country's banking sector.
Former Chase Bank chairman Mohamed Zafrullah Khan faced nine charges, all of which he denied. They also included stealing by a director and failing to comply with anti-money laundering procedures.
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