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Conflict of Interest
vestor
#1 Posted : Thursday, September 15, 2011 1:15:39 PM
Rank: Member


Joined: 11/9/2010
Posts: 132
Now that CMC transactions with Andy forwarders are known, which other transactions / companies have similar characteristics ? For me the BRITAK IPO shows the far guys have gone to defraud both the public and the companies they are supposedly to be in charge. How did James Mwangi benefit ? My theory is that he being a BRITAK shareholder, planned to finance those buying the stock through equity, and some of the proceeds definately went to his pocket, i.e he created a market for the stock he held using his position in equity. CMA should be very keen on how companies are run inorder to safeguard the interests of the public especially the Wanjikus.
mlennyma
#2 Posted : Thursday, September 15, 2011 3:31:33 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,185
Location: nairobi
A thug is only a thug if he manhandles you by force to do against your will,no body was holding a gun on greedy kenyans.
"Don't let the fear of losing be greater than the excitement of winning."
youcan'tstopusnow
#3 Posted : Thursday, September 15, 2011 4:22:36 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
@KulaRaha calls CMA 'Can't Manage Anything'. vestor, usikule moto. It's called Robbery Without Violence (bafu safi!)
GOD BLESS YOUR LIFE
Cde Monomotapa
#4 Posted : Thursday, September 15, 2011 5:04:27 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Keeping the money within the family smile Spider web economics. That's why Asian are richer than African business networks.
Impunity
#5 Posted : Thursday, September 15, 2011 6:17:01 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Corruption in another way.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

accelriskconsult
#6 Posted : Thursday, September 15, 2011 6:48:35 PM
Rank: Member


Joined: 4/2/2011
Posts: 629
Location: Nai
Strictly speaking such transactions should be disclosed in the financial statements. Unfortunately this trend is all too common in NSE listed companies. It is very possible for shareholders to sue the directors of these companies. The argument will always that such transactions were at arms length but we all know that is never the case
Mel
#7 Posted : Saturday, September 17, 2011 9:53:16 PM
Rank: Member


Joined: 11/28/2006
Posts: 25
Location: Nairobi Kenya
mlennyma wrote:
A thug is only a thug if he manhandles you by force to do against your will,no body was holding a gun on greedy kenyans.

Applause .....dude you need not have a gun.....words creates an illusion in the minds of targets....
sparkly
#8 Posted : Sunday, September 18, 2011 8:12:02 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
accelriskconsult wrote:
Strictly speaking such transactions should be disclosed in the financial statements. Unfortunately this trend is all too common in NSE listed companies. It is very possible for shareholders to sue the directors of these companies. The argument will always that such transactions were at arms length but we all know that is never the case

I agree. Listed companies should not be run like kiosks to the detriment minorities.
Life is short. Live passionately.
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