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CMA boss grilled, MPs call for probe into billions lost at company

CMA boss grilled, MPs call for probe into billions lost at company
BUSINESS
Wyckliffe Shamiah, the CEO of CMA. [Courtesy]
The National Assembly is set to form an inquiry into Cytonn and other entities where investors have lost billions of shillings.
This is as MPs yesterday turned the heat on the Capital Markets Authority (CMA) accusing it of failing to protect investors in Cytonn, Imperial, and Chase bank bonds among others.
National Assembly Finance and National Planning Committee Chairperson Gladys Wanga lamented that Kenyans had been left on their own with the regulator appearing helpless and shifting blame.
“You just came to tell us it has nothing to do with you,” said Wanga. ....

Homa Bay , North Eastern , Aden Duale , Wyckliffe Shamiah , Cytonn High Yield Solutions , Kenya Deposit Insurance Corporation , National Assembly , National Planning Committee Chairperson Gladys Wanga , Imperial Bank , Capital Markets Authority , Chase Bank , Assembly Finance , Garissa Town , Homa Bay Woman , Cytonn Project Notes , Nakumatt Commercial Papers , ஹோமா வளைகுடா , வடக்கு கிழக்கு , கேந்ய வைப்பு காப்பீடு நிறுவனம் , தேசிய சட்டசபை , ஏகாதிபத்தியம் வங்கி , மூலதனம் சந்தைகள் அதிகாரம் , துரத்து வங்கி , சட்டசபை நிதி , காறிஸ்ஸ நகரம் , ஹோமா வளைகுடா பெண் ,

CBK blocked from disclosing report on Imperial Bank

CBK blocked from disclosing report on Imperial Bank
SAM KIPLAGAT
The Attorney-General has blocked the Central Bank of Kenya (CBK) from revealing or tabling in Parliament findings of a forensic audit on the collapse of Imperial Bank. CBK governor Patrick Njoroge and Treasury Cabinet secretary Ukur Yatani said the State could not share findings or summaries of the report with the National Assembly as required under Article 125 of the Constitution. Dr Njoroge said there are several cases related to the forensic audit that are before the courts and further work by investigating agencies was progressing. “The Attorney-General advised that, in the circumstances, sharing at this stage the findings and summaries of the forensic audit would undermine investigations and prejudice successful prosecution and defence of the ongoing cases. The overriding objective is to guard against prejudicing the course of investigations,” he said. Imperial Bank, which is under ....

Samuel Atandi , Patrick Njoroge , Ukur Yatani , National Assembly , Kenya Deposit Insurance Corporation , Central Bank , Imperial Bank , Treasury Cabinet , Finance Committee , Alego Usonga , பேட்ரிக் ஞ்சோறொகே , தேசிய சட்டசபை , கேந்ய வைப்பு காப்பீடு நிறுவனம் , மைய வங்கி , ஏகாதிபத்தியம் வங்கி , கருவூலம் மந்திரி சபை , நிதி குழு ,

CBK Denies MPs Access to Imperial Bank Billionaire's Details

CBK Denies MPs Access to Imperial Bank Billionaire's Details
kenyans.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenyans.co.ke Daily Mail and Mail on Sunday newspapers.

Nairobi Area , Paul Kihara Kariuki , Patrick Njoroge , Abdulmalek Janmohamed , Kenya Deposit Insurance Corporation , Central Bank , Imperial Bank , General Paul Kihara Kariuki , Imperial Bank Managing Director , நைரோபி பரப்பளவு , பேட்ரிக் ஞ்சோறொகே , கேந்ய வைப்பு காப்பீடு நிறுவனம் , மைய வங்கி , ஏகாதிபத்தியம் வங்கி ,

Deposits insurance costs up 33pc for risky lenders

Deposits insurance costs up 33pc for risky lenders
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.

United Arab Emirates , Dubai Bank , Kenya Deposit Insurance Corporation , Imperial Bank , Chase Bank , Deposit Insurance Corporation , ஒன்றுபட்டது அரபு அமீரகங்கள் , துபாய் வங்கி , கேந்ய வைப்பு காப்பீடு நிறுவனம் , ஏகாதிபத்தியம் வங்கி , துரத்து வங்கி , வைப்பு காப்பீடு நிறுவனம் ,

KDIC rolls out banks' risk-based premium model after one-year suspension

KDIC rolls out banks' risk-based premium model after one-year suspension
theeastafrican.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theeastafrican.co.ke Daily Mail and Mail on Sunday newspapers.

Mohamud Ahmed , Deposit Protection Fund , Kenya Deposit Insurance Corporation , Executive Mohamud Ahmed , Microfinance Banks , வைப்பு ப்ரொடெக்ஶந் நிதி , கேந்ய வைப்பு காப்பீடு நிறுவனம் , நுண்நிதி வங்கிகள் ,