The case had been consolidated with the CBK
and De La Rue's suit that wanted the High Court to reverse the PPARB's decision that nullified the award of the tender to De La Rue and instead ordered fresh evaluation.
The three have been in custody since Friday last week when they were arrested at the CBK
offices in Nairobi as they waited to meet Governor Patrick Njoroge over the T-bills.
Chase was one of three banks, alongside Imperial and Dubai Bank Kenya, in which the CBK
has had to intervene in the last two years.
Coming just three weeks after the CBK
50lh anniversary celebrations, I dedicate this award to CBK
staff- they are CBK
's greatest assets, and are transforming it to a world-class modern central bank.
In August last year the CBK
had ordered Dubai Bank closed and liquidated on the back of fears over large amounts of unsecured loans, and a breach of several banking laws.
, Kuwait's fifth-largest bank by assets, has been striving to boost its capital to comply with Basel III capital adequacy rules, which are being phased in around the world.
The shilling firmed up at the trading counters Thursday after the CBK
warning that it had the reserves to intervene in a market that it often left at the mercy of market forces.
said that the Capital Markets Authority (CMA) court rejected Investment Dar's claim that CBK
had no permanent rights to the shares in Islamic lender Boubyan.
The company owns household brands like Colonial Candles, Seasons of Cannon Falls and CBK
According to the CBK
, about half of the listed and unlisted investment firms comply fully with all three criteria (see box).
He said that CBK
was closely following Dar 's restructuring plans, affirming he had received requests by Dar 's creditors urging CBK
's intervention in these plans to ensure their complete transparency.
Bayford business manager Andrea Wardle said initial feedback from domestic customers was very positive as CBK
was rolled out across Bayford's depots in Wales and the Lake District.