CMA To Hunt Collapsed Imperial Bank Directors Over Ksh2 Billion Bond The Supreme Court has allowed the Capital Markets Authority (CMA) to go after directors of collapsed Imperial Bank who issued a Ksh2 billion bond a month before it collapsed. In court filings, CMA said that the lender issued the bond despite the directors knowing that the bank was on the red line, and would collapse soon. “The petitioners’ appeal is allowed to the extent that the respondent may proceed with its enforcement proceedings against the petitioners through its delegated authority under Section 11A(1) and or Section 14(1) of the CMA Act,” Justices David Maraga (chief justice), Mohamed Ibrahim, Smokin Wanjala, Njoki Ndung’u and Isaac Lenaola said.