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Directors to be held liable for fraud, CMA warns

BUSINESS

According to the Capital Markets Authority (CMA), board members will shoulder more responsibility based on their decision-making role in the event financial impropriety is discovered in their firm.

Directors to be held liable for fraud, CMA warns

By Frankline Sunday | 5 years ago

Court rejects shareholders' plea to join case

Court rejects shareholders' plea to join case

Shareholders of collapsed Imperial Bank have been locked out of a suit seeking to recover funds illegally extended to 20 firms.

Moses Michira | 5 years ago

Chase Bank's collapse was imminent

In a move that has become characteristic of governance failure, we saw a scenario go from bad to catastrophic in a matter of hours, compounded by the treachery that we have, sadly, become accustomed to.

Tania Ngima | 5 years ago

Equity Bank hit by Sh124m fraud in tax scam

Equity Bank has surrendered two of its staff members to the to the KRA/Banking Fraud Investigation Unit police for prosecution.

Paul Wafula | 5 years ago

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