×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Bond trader fined Sh208 million for rigging

Capital Markets Authority boss Paul Muthaura

NAIROBI, KENYA: Case on the rigging of bonds has given the Capital Markets Authority Sh374.9 million in fines on the conspirators.

The scheme-involved use of sensitive information to buy bonds when anticipating an order from the government, quickly making an extra buck at the expense of other investors called front running.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in