DPC starts taking legal action against shareholders and directors of failed banks

While responding to questions from the floor during a workshop in Bulawayo to create awareness on the operations of the Deposit Protection Scheme run by the Deposit Protection Corporation (DPC), DPC chief executive officer Mr John Chikura said they have started taking action against shareholders and directors of failed banks.

Said Chikura:

You will notice that we have recently started doing this (suing of shareholders and directors) and these court cases are playing out in the courts. None of the cases have come out for hearing yet, but we hope that when that happens we will be successful.

In an interview with The Herald after the workshop, Chikura said the DPC has issued summons to shareholders and directors of Royal Bank, Trust Bank and Interfin.

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