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CMA fines former National Bank of Kenya bosses Sh113m fine for cooking books

Former National Bank of Kenya Managing Director Munir Sheikh Ahmed. He has been ordered to pay a fine of Sh5million. [Elvis Ogina, Standard]

Former National Bank of Kenya (NBK) Managing Director Munir Sheikh has been fined Sh112.8 million alongside four other ex-board members and senior managers for cooking the lender’s books.

They have also been cited for syphoning money from the bank.

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