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Chase Bank directors, auditors fined Sh36m for botched bond

A branch of the now liquidated Chase Bank in Nakuru town. [Kipsang Joseph, Standard]

The Capital Markets Authority (CMA) has fined former directors of Chase Bank Kenya and its former auditors a total of Sh36 million.

They were penalised for their role in the issuance of a Sh10 billion bond a year before the bank was placed under receivership.

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