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Oriental loses bid to recover Sh122m penalty

By Kamau Muthoni | 7yrs ago
Central Bank of Kenya building in Nairobi.

The Central Bank of Kenya will not refund a Sh122 million fine it slapped on Oriental Commercial Bank in 1993 for its involvement in the infamous Goldenberg scandal.

Formerly known as Delphis Bank, Oriental had sued the regulator claiming the punishment was unfair as other banks which played a part in the scam were not punished.

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Central Bank of Kenya Oriental Commercial Bank Goldenberg scandal Delphis Bank
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