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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Capital Markets Authority (CMA) has begun hearing the case against former Imperial Bank Ltd (IBL) directors for their failure to disclose key information while floating the lender’s Sh2 billion bond.
The lender is still under receivership. In a statement on Wednesday, CMA said the bank's bosses misled the regulator and investors, before the 2015 issuance of its corporate bond that was set to mature in December 2020.
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