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Former Chase Bank director sues CMA over Sh2.5 million fine

Chase Bank, River Road branch. [File, Standard]

Former Chase Bank director Laurent Demey has filed a case against Capital Markets Authority (CMA) seeking to reverse a Sh2.5 million fine for his alleged involvement in Sh10 billion bond eight years ago.

CMA fined Demey alongside other Chase directors following an audit by the regulator.

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