Treasury nominee, Prof Njuguna Ndung’u, has denied claims that his wife received gifts from Imperial bank’s former managing director Abdulmalek Janmohamed as part of a calculated scheme to co-opt the banking sector regulator into abetting a massive fraud that crippled the financier.
Prof Ndungu said he paid for the 2014 trip to a resort in Thailand disputing court claims by former Imperial Bank shareholders that Mrs Nancy Ndung’u at one time billed Mr Janmohamed for her stay with a companion at a luxury resort, indicating the toxic relationship the regulator had with the bank.
