KDIC put to task to produce evidence on Imperial Bank receivership

Kenya Deposit Insurance Corporation (KDIC) has failed to produce evidence in court on why it refused to reimburse a group of Imperial Bank (in receivership) clients their money during the last three pay-outs made to depositors.

The depositors responded though an affidavit by Mr. Marc Das Gupta, on behalf of the 77 petitioners, saying that the blanket averment that all the petitioners are associated with the directors and shareholders of the bank is inaccurate terming the move to deny them their deposits discriminatory and unconstitutional.