Double trouble for shamed former Uchumi directors

The CMA ruled that Ciano will be out for five years and Okumu two years. In addition, Ciano will be required to refund the cash-strapped retail store Sh13 million he fraudulently obtained from Uchumi.PHOTO: COURTESY

More trouble awaits former Uchumi Supermarkets directors after the Capital Markets Authority (CMA) revealed yesterday it was also pursuing criminal charges against them.

CMA Chief Executive Officer Paul Muthaura said they were working with the Directorate of Public Prosecutions (DPP) to bring criminal charges against former CEO Jonathan Ciano and finance manager Chadwick Okumu.