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CMA faces probe over defaults in Sh13.5bn Cytonn funds

CMA faces probe over defaults in Sh13.5bn Cytonn funds
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

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MPs query odd withdrawal before sale of Merali's bank

MPs query odd withdrawal before sale of Merali's bank
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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Capital Markets Authority pursues ex-Imperial Bank bosses

BUSINESS NEWS
Capital Markets Authority Chief Executive Officer Wyckliffe Shamiah
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.
“The CMA commenced its enforcement proceedings against former board members of IBL on their failure to provide oversight in the preparation, approval and publication of the Information Memorandum for a Sh2 billion medium-term note,” said the CMA. ....

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