Nairobi, Feb. 23 -- The High Court has overturned a Sh5.1 million award against the Central Bank of Kenya (CBK) over the alleged malicious prosecution of a former official linked to the suspected theft of electronics from Imperial Bank's Likoni branch during receivership.

The court ruled that the CBK merely provided information to police, who conducted independent investigations before the Director of Public Prosecutions (DPP) decided to charge the official, Naaman Muguna.

"I am not satisfied that the prosecution constituted an abuse of the court process," said the judge, setting aside a 2023 magistrate's decision awarding Muguna damages.

The court affirmed CBK's right to report missing property.

The case stemmed from allegations that...