Depositors of Imperial Bank file new case against Central Bank of Kenya to have deposits worth Sh100 billion released

Imperial Bank Head offices at Westlands, Nairobi. [PHOTO: BEVERLYNE MUSILI]

The depositors of Imperial Bank have filed a new case against the Central Bank of Kenya to have deposits worth Sh100 billion released.

The depositors, through MMC Africa Law, want the High Court to compel CBK and the Kenya Depositors Insurance Corporation (KDIC) to unconditionally release the money, claiming that the Central Bank has failed in its administrative duties of the fallen lender.