LSK to join Chase Bank suit in pursuit of Sh2bn clients’ cash

Zafrullah Khan, former Chase Bank chairman. file photo | nmg

The Law Society of Kenya (LSK) has applied to join a suit in which troubled Chase Bank is seeking to recover more than Sh14 billion its former directors stole from depositors.

The LSK says it is interested in the recovery of about Sh2 billion that individual advocates and law firms are said to have kept in the bank on behalf of their clients as well as its own deposits of Sh38 million at the time the troubled lender was placed under receivership in April last year.

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