Imperial Bank directors block CMA probe into Sh2bn bond

Capital Markets Authority CEO Wycliffe Shamiah. FILE PHOTO | NMG

Imperial Bank directors have stopped the Capital Markets Authority (CMA) from pursuing them over the Sh2 billion corporate bond that the lender issued a month before it was placed in receivership.

The eight directors have blocked investigations through the CMA tribunal on grounds the probe team will be impartial.

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