Britam drops 2 directors linked to scam

Former Director Dawood Rawat. Rawat along with his nephew Moussa formally resigned yesterday.

Two directors of Britam have resigned to disentangle the company from claims of mega fraud the duo have been linked to in Mauritius. Dawood Rawat and his nephew Moussa formally resigned yesterday, according to Britam’s announcement to the financial markets' regulator and the Nairobi Securities Exchange (NSE), where its stock is listed.

Britam’s share held steady at Sh22.25 apiece on the positive information that could have averted a further fall, as reported in previous sessions. Rawat’s resignation is dated April 22, according to the regulatory filing at the NSE. “We are thankful to Mr Rawat for his contribution to Britam during his directorship,” read the brief statement in part.