Imperial Bank bondholders and fixed depositors set for slashed rate payout

Central Bank of Kenya (CBK) Governor Patrick Njoroge Thursday said investors in the collapsed Imperial Bank’s Sh2 billion bond will be refunded cash even though not at the rate of return promised in the information memorandum. Holders of fixed deposit accounts will also miss out on interest payments.

Dr Njoroge, however, told MPs that the CBK is pursuing perpetrators of the scam, denying claims of inaction.