CBK staff cleared over malicious Imperial Bank theft claim

Eleven prosecution witnesses testified, but the trial court acquitted him, finding insufficient evidence and that the criminal intent was lacking.

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The High Court has overturned a Sh5.1 million award against the Central Bank of Kenya (CBK) over the alleged malicious prosecution of a former official linked to the suspected theft of electronics from Imperial Bank’s Likoni branch during receivership.

The court ruled that the CBK merely provided information to police, who conducted independent investigations before the Director of Public Prosecutions (DPP) decided to charge the official, Naaman Muguna.

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