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End of Imperial Bank as CBK okays winding up
The High Court has allowed Atul Shah to proceed with a case against the collapsed Imperial Bank Ltd (IBL) seeking a refund of the millions he had deposited. FILE PHOTO | NMG
The Central Bank of Kenya (CBK) has approved the liquidation of collapsed Imperial Bank, setting the stage for the sale of the lender’s remaining assets.
Imperial Bank collapsed six years ago with money belonging to depositors, bondholders and creditors and has been under receivership of the Kenya Deposit Insurance Corporation (KDIC).
