Dead men tell no tales. That's the first rule to follow when doing a cover up.

One of the explosive things Naeem Shah handed to the board was a treasure trove of handwritten chits. The chits, dating back to as early as 2002, had instructions to move money from and across various accounts. To get his message across, Abdulmalek would use his Montblanc pens to write instructions to his minions. He must have felt smart, knowing the paper would not create as serious a trail as an email would. But Naeem wasn’t throwing them away. Instead, he secretly filed them, knowing that one day the ruse would run its course. If it did, he would have clear evidence that he hadn’t moved the money on his own volition. It was a trail, and a bloody one.

An email submitted in Court between IBL’S CFO and a senior manager gives a clue of how high the mess went, and how ridiculously reckless it was. In it, Kaburu, the CFO, asks the manager to delete some entries from the top 50 borrowers list.

I think things are changing in kenya. People now are coming forth with the truths. Former cbk wife? ?? Wow? @swenani please send me that video of a guy eating popcorns as the drama is unfolding 😆😆

I like this opus dei Mei guy .hope my spelling is correct . Even with discripancies with $2B he still sticks his guns that the dates were different from the treasury's. I hope he doesn't change with time . Hope he can weather the storm. He is the first public official I find to be honest and deligent

Sema uhondo!! This is one very interesting story. I think I now know what caused Abdulamaleks death. The man realized the new CBK governor has no wife, has no assets is not interested in living in the governors mansion or driving in big cars. The realization that the man who could finish him could not be bought with anything money could buy caused the heart attack that killed him.

This is a very dramatic way of dying when a wicked powerful man has reached the end of his wits. Watch the movie Scarface or read the Shakespeare play Richard the 3rd who in his final words pleads for a horse to save him and he is willing to give up his kingdom for a horse. A horse, a horse! My kingdom for a horse! he cries.

This knowledge worked perfectly on the man who led the audit firm that should have called the cops on him. During the day, Atul Shah worked and still works as the CEO of PKF, one of the top-tier audit firms in the world. IBL’s books passed through PKF’s hands and all their reports came out clean in those 14 years. They even gave the bank a clean bill of health months before the story broke.



In at least two companies, one of them Mundika Sugar Company and the other, Astonfield Ltd., the MD of Imperial Bank and the man who was supposed to audit him were equal partners. Astonfield had an unsecured, unauthorized loan of Kshs. 263 million at the time of Abdulmalek’s death. One company profile only defined the CEO of the auditing firm PKF, Atul PK Shah as A well-accomplished consultant in the region and has wide range of reputable corporates on his client list. It was a vague description, meant to be as ambiguous as possible. In news stories, this connection would disappear in the details, with Atul Shahs full name written out to appear as if it was someone else.

But it gets even stranger. In digging through Abdulmalek’s lists upon lists of special loans, the name ‘Rajan Shah’ appears among borrowers with unsettled loans. Rajan was the partner at PKF in charge of handling Imperial Bank. The loan itself, amounting to Shs. 2.995 million was actually given in 2006 and was never repaid. Abdulmalek, again being a diligent banker and an investor in human relationships, kept a record of it for nearly a decade. Since it was never paid, and never recalled, it seems to have been the thread that kept the auditing firm churning out clean bills of health.

It was genius.
Abdulmalek had long figured that the only way to beat the system was to rope it in. Even if anyone within the audit firm ever found the hole, that story would never make it out. The strange email from 2012 most likely came from an auditor, internal or external or staff whose conscience had gotten the best of. In either case, the reason was that it was impossible to go through the normal channels.

Wa! wa! even Mr & Mrs Prof...

In Kenya anyone can be bought or sold

I don't see any problem when the Governor's wife takes a spa recommendation from a banker, or the fact that the banker pays for the spa.

This is immaterial.