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Imperial bank sues 20 companies over fraud

27th October, 2015

In the latest twist to the Imperial Bank receivership story, former managing director Abdulmalek Janmohamed is said to have collude with 20 companies and individuals to Siphon 34 billion shillings from the bank. The revelations are contained in court papers filed by the bank as it seeks to have accounts of the 20 entities frozen. KTN’S Michael Karanja has more on that story.
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