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Imperial Bank depositors file class action suit against CBK

Imperial Bank Head offices o at Wetlands. [Beverlyne Musili]

Depositors of Imperial Bank that are currently in receivership have initiated a class-action suit against Central Bank of Kenya (CBK) over the decision to place the firm under receivership.

In a notice filed yesterday at the High Court, 11 shareholders are inviting members of the public to be enjoined in the lawsuit by December 21, 2020. 

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