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Billionaire Who Only Drove Old Mitsubishis Despite Owning a Mercedes

In the year 1959, Abdulmalek Janmohammed inhaled his first caustic breath on this benevolent and admirable globe. He scaled the heights of success, establishing his name in hitherto unexplored heights in Kenya's fiercely competitive economic and entrepreneurial environment.

Imperial Bank Limited, one of the top banks in Kenya's banking industry, has Abdulmalek as its managing director.

In Kenya, the largest economy in the East African Community, Imperial Bank Limited (IBKL), also known as Imperial Bank, was a commercial bank.

It was one of the 43 commercial banks that the then-central bank and national banking regulator, the Central Bank of Kenya (CBK), had granted a license to. The late employee of this bank once made Sh38 billion over the course of 13 years through "creative accounting."

Abdulmalek gained notoriety in the Kenyan media in 1992 when he assisted in transforming a hire purchase company into Imperial Bank before defraudingly squirreling away a lump sum of money through what he referred to as "creative accounting" and amounting to Ksh38 billion in 13 years, according to financial experts.

One of the most striking traits of the well-known billionaire was that, despite having Mercedes Series 5, he only had two acquaintances, continued to reside with his mother in Riverside Drive, Nairobi, and only drove old Mitsubishi cars. He had no children and was not married.

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Abdulmalek Abdulmalek Janmohammed CBK East African Community Imperial Bank Limited


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