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Britam Revises down its Profit!
Rank: Member Joined: 11/9/2010 Posts: 132
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The more you read and think about the happenings at Britam, the clearer you see the house of cards decorated with acquisitions. In hindsight, the move by the CEO to leave seems to be a washing of hands ritual, lest the house comes tumbling down. It sure is a jigsaw puzzle, more pieces please. 
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Rank: User Joined: 1/20/2014 Posts: 3,528
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vestor wrote:The more you read and think about the happenings at Britam, the clearer you see the house of cards decorated with acquisitions. In hindsight, the move by the CEO to leave seems to be a washing of hands ritual, lest the house comes tumbling down. It sure is a jigsaw puzzle, more pieces please. That is why the 'mboys' have not been pursued/chased by the zeal it deserves if truly they stole. I think they know tooooooooo much of the going ons in the red hse!!!!! @pesa nane i still believe there is conflict in this arrangement of son being CEO and Buda is Chair in this scenario of ours. Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 11/9/2010 Posts: 132
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Othelo wrote:vestor wrote:The more you read and think about the happenings at Britam, the clearer you see the house of cards decorated with acquisitions. In hindsight, the move by the CEO to leave seems to be a washing of hands ritual, lest the house comes tumbling down. It sure is a jigsaw puzzle, more pieces please. That is why the 'mboys' have not been chased by the zeal it deserves if truly they stole. I think they know tooooooooo much of the going ons in the red hse!!!!! Very true, I think the 'mboys' decided to do what they saw the seniors doing.The red house seems to be gaming entity,and the dice will keep rolling as CMA plays a blind eye while dancing to the tunes of the piper paid by the house.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Pesa Nane wrote:MaichBlack wrote:
Muthaura and sons Market Authority!!!
And Paul Muthaura is no longer acting! He was confirmed. He was acting because he didn't have the required experience demanded for during hiring. Guess what! He now has it!! From the same job he was not qualified for.
Banana Republic!!!
Funny how Kenyans depend on rumour mills for information, then stick to it, then get maaadddd, then blame the whole country. The Appointed CMA Chair for a period of 3 year with effect from 17 April 2015 is Messrs. James Ndegwa, He of the NIC Bank. The highlighted appointments (I have also done that in the SK thread BUT also provided a link to the full list) are just to spur public debate and perhaps to create a curiosity for people to read the full list for themselves. Well, that's my aim. In the above thread, I was actually sure that someone would correct me on the assumption made to answer to @vvs @Pesanane, what rumours are you talking about? Fraud is taking place at Britam. CMA has just decided to "see no evil". This "mta-do?" attitude by company executives needs to be checked, even if we do it the Beijing way - Firing Squad. Britam=TransCentury=HomeAfrika=Mumias! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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CMA market supervision role, I shiver. Like I said, this will make good drama when the dust finally settles. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Pesa Nane wrote:VituVingiSana wrote:dunkang wrote:The ongoing vitukos at Britam remind me of CHS Electronics and one Mr. Claudio Osorio in the late 90s. Endless acquisitions, senseless expansions, announcement of super profits followed by restatement of accounts, then finally, in 1999, TOTAL COLLAPSE.
I have this feeling that there is a major fraud going on at Britam, and as a minority shareholder, it saddens me that nothing is been done to protect us neither by CMA, NSE nor the treasury. NSE is powerless. CMA is the kingpin. Who is the chairman of Britam? Amb. Francis Muthaura?? Who is the acting CEO of CMA? Paul Muthuara?? Is it the same person? Are they related??  Just Asking for a friend. And while on it, any relation to the Amb. Muthaura at the Lapsset? Amb Muthaura - the former Civil servant, the chair* of Lapsset, = Chair of Britam....Paul is his son. The CEO of CMA "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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murchr wrote:Pesa Nane wrote:VituVingiSana wrote:dunkang wrote:The ongoing vitukos at Britam remind me of CHS Electronics and one Mr. Claudio Osorio in the late 90s. Endless acquisitions, senseless expansions, announcement of super profits followed by restatement of accounts, then finally, in 1999, TOTAL COLLAPSE.
I have this feeling that there is a major fraud going on at Britam, and as a minority shareholder, it saddens me that nothing is been done to protect us neither by CMA, NSE nor the treasury. NSE is powerless. CMA is the kingpin. Who is the chairman of Britam? Amb. Francis Muthaura?? Who is the acting CEO of CMA? Paul Muthuara?? Is it the same person? Are they related?? Just Asking for a friend. And while on it, any relation to the Amb. Muthaura at the Lapsset? Amb Muthaura - the former Civil servant, the chair* of Lapsset, = Chair of Britam....Paul is his son. The CEO of CMA May be Britam knew the scheme when Muthaura Snr was appointed to chair Britam Board. Am sure one can smell the stink from the moon "..I am because we are. "― Ubuntu, Umtu,
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