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Now Imperial Bank under receivership for 12 months
Rank: New-farer Joined: 6/10/2013 Posts: 52
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I hear rumours that DTB is taking over Imperial Bank's Uganda subsidiary. If rumour confirmed, a positive sign for the Kenyan parent to be operational soon, very likely under DTB as well.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Both Kenyan and Ugandan operations will be acquired by existing banks. Kenya DTB or I&M seems the most likely candidates because of the Asian roots common in them Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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My source tells me that Imperial will be back in about 1 month from now as Imperial not under any other bank.The behind the scenes happenings is talking to large depositors not to withdraw their cash when the bank is back.The directors must also place 10B on the table. The repercussions of failure to reopen are too bad especially for small banks and especially "Muindi" banks. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Bigchick wrote:My source tells me that Imperial will be back in about 1 month from now as Imperial not under any other bank.The behind the scenes happenings is talking to large depositors not to withdraw their cash when the bank is back.The directors must also place 10B on the table.
The repercussions of failure to reopen are too bad especially for small banks and especially "Muindi" banks. And banking sector in general in these trying moments of high interest and bad economy. My source had same information too. Imperial Must open to boost comfidence in financial sector and release tension. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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Boris Boyka wrote:Bigchick wrote:My source tells me that Imperial will be back in about 1 month from now as Imperial not under any other bank.The behind the scenes happenings is talking to large depositors not to withdraw their cash when the bank is back.The directors must also place 10B on the table.
The repercussions of failure to reopen are too bad especially for small banks and especially "Muindi" banks. And banking sector in general in these trying moments of high interest and bad economy. My source had same information too. Imperial Must open to boost comfidence in financial sector and release tension. Even if it reopens and 'large' depositors do not withdraw, there will still be a bank run. Plus their largest depositor only has kes 150m, a laughable amount
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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https://bizextras.wordpr...ber-directors-indicate/
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 Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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W.E Tilley Muthaiga limited, which enjoys exclusive export market business for Tanzania’s fish processor, prime catch and is listed among the beneficiaries of a scam allegedly "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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OK so they have returned the money. What happens next?
Any charges being drawn up?
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Rank: Member Joined: 9/2/2010 Posts: 845
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all those companies listed seem to be associated with the Jessa family. they together with the late MD sucked the bank crazy. a single family stealing 34 Billion is shocking. but what is even more shocking is that the company was able to wire back 10B almost instantly, presumably without affecting its operations. there are less than 100 businesses in Kenya that turnover more than 10B per year let alone having 10B in cash sitting somewhere waiting to be wired. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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innairobi wrote:all those companies listed seem to be associated with the Jessa family. they together with the late MD sucked the bank crazy.
a single family stealing 34 Billion is shocking. but what is even more shocking is that the company was able to wire back 10B almost instantly, presumably without affecting its operations.
there are less than 100 businesses in Kenya that turnover more than 10B per year let alone having 10B in cash sitting somewhere waiting to be wired. Seems you don't understand WE TILLEY. Read Charterhouse Bank, Money Laundering etc. It is associated with one......
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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34 billion, what do you even do with all that money? Build a house made of money? I just dont understand the greed of some people.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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watesh wrote:34 billion, what do you even do with all that money? Build a house made of money? I just dont understand the greed of some people. Been asked exactly the same... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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kollabo wrote:OK so they have returned the money. What happens next?
Any charges being drawn up? Lets just accept Kenya ina wenyewe.... possunt quia posse videntur
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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murchr wrote:W.E Tilley Muthaiga limited, which enjoys exclusive export market business for Tanzania’s fish processor, prime catch and is listed among the beneficiaries of a scam allegedly  Something smells fishy in here! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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dunkang wrote:murchr wrote:W.E Tilley Muthaiga limited, which enjoys exclusive export market business for Tanzania’s fish processor, prime catch and is listed among the beneficiaries of a scam allegedly Something smells fishy in here! wah!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 9/2/2010 Posts: 845
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"Mr. Janmohamed was a founder shareholder of Imperial Bank and infused the Company with deeply-held values of integrity and service. He also had great compassion and loyalty as well a solid commitment to the bank’s employees. He was a trusted friend and colleague and a successful entrepreneur who was deeply passionate about the business. Mr. Janmohamed leaves a legacy of philanthropy and community service. He will be greatly missed." All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Foul-smelling fish WE Tilley, leading fish processor in Kenya (& probably EA), from Charterhouse to Dubai bank. 
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: New-farer Joined: 4/11/2013 Posts: 18 Location: Nairobi
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Hi Family, Who owns I & M bank? Same waindi's like Imperial bank? How safe is it for long term banking?  In God I trust...
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Binti wrote:Hi Family, Who owns I & M bank? Same waindi's like Imperial bank? How safe is it for long term banking? For long term banking, heri u keep them money in big banks with big liquidatable assets...like ROAR, SCB,NBK, COOP...for MEMBER I am skeptical. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Now Imperial Bank under receivership for 12 months
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