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KCB dilemma in acquisition of Imperial Bank

Imperial Bank head office at Westlands. [Beverlyne Musili, Standard]

In 2015, Kenya was treated to the biggest banking heist in the country’s history when Imperial Bank’s impeccable façade fell apart after 56-year old Abdulmalek Janmohamed dropped dead.

More than Sh34 billion had been lost to a web of well-connected individuals (WE Tilley -Muthaiga, Primecatch, Mara Fish Packers and Victoria Fish packers) whose conspiracy pierced the whole banking sector.

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