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Bond trader fined Sh208m for fraud

By Otiato Guguyu | 6yrs ago
The scheme involved collusion among fixed income dealers at investment banks, asset management firms and brokerage firms. [File, Standard]

Another bond trader has been fined Sh208 million by the Capital Markets Authority (CMA) for insider trading of State-issued bonds.

Rodrick Muhoro was yesterday fined for his role in the bond rigging scheme that involved the use of sensitive information to buy bonds when anticipating an order from the Government.

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