NAIROBI Oct 27 The receiver for Kenya's privately owned Imperial Bank found "fraudulent activities of substantial magnitude" but the bank is still viable and shareholders are considering a proposal to inject capital, the central bank said in a statement on Tuesday.
Imperial Bank was put under management this month after the board alerted the central bank to malpractices at the mid-sized lender, rattling the financial community. (Writing by Edmund Blair, editing by David Evans)
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