Law firm wants CBK held liable for billions held in fallen banks

Depositors of collapsed Imperial Bank demand their dues last year. FILE PHOTO | NMG

A Kenyan law firm says depositors of collapsed banks should be immediately compensated and the Central Bank of Kenya (CBK) held liable for failing to safeguard public funds.

Commercial, international capital and financial markets litigation firm MMC Africa Law said CBK had failed to punish own officials who colluded with directors and top management officials of failed banks as well as directors.

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