Imperial Bank of Kenya sues 20 for Fraud…bank to reopen in November, directors indicate

Posted on October 27, 2015

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Beleaguered financial services firm Imperial Bank of Kenya has moved to court to claim Sh34 billion stolen from its coffers. The bank through lawyer George Oraro is demanding the money obtain fraudulently by the respondents.

In the court papers, Oraro accuses the 20 individuals and companies for colluding with deceased Imperial Bank managing director Abdulmalek JanMohammed to siphon the money. Some of the firms and individuals include the following

  1. W.E. Tilley (Muthaiga) Limited
  2. Primecatch (Exports) Limited
  3. Mara Fish Packers Limited

    imperial

    Pics Courtesy of Business Daily

  4. J Fish Kenya Limited
  5. Victorian Delight Limited
  6. Ruby Red Limited
  7. Value Pak Foods Limited
  8. From Eden Limited
  9. Aqualite Limited
  10. Zulfikar Haiderali Jessa
  11. Nasir Haiderali Jessa
  12. Nargis Jessa
  13. Nadir Azizali Jessa
  14. Firoz Jessa
  15. Salim Jessa
  16. Irfan Shamshadin Jessa
  17. Nashiv Haiderali Jessa
  18. Marmo E Granito Mines (T) Limited
  19. Marmo Marble (U) Limited
  20. Fishways Uganda Limited

In the court papers seen by BIzextras, ‘the 1st¬†defendant (W.E. Tilley (Muthaiga) Limited) has admitted receiving Kshs. 10,000,000,000 (Kenya Shillings ten billion) from the Plaintiff and has offered to have a Second Charge created over its properties,’

The banks directors have also held a meeting with the Governor of the Central Bank of Kenya with a revival strategy indicating they are good to go from next month.

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