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Nation:1 director at chase loaned himself 8 billion

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kimugaman		#1 Posted : Friday, April 08, 2016 6:49:49 AM
Rank: New-farer Joined: 5/15/2015 Posts: 26		Nation says that one director (a he) loaned himself 7.9 billion without collateral. And they blame social media for bringing bank down... One director lent himself Sh7.9 billion mostly without registered collateral
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maka		#2 Posted : Friday, April 08, 2016 7:09:49 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		kimugaman wrote: Nation says that one director (a he) loaned himself 7.9 billion without collateral. And they blame social media for bringing bank down... One director lent himself Sh7.9 billion mostly without registered collateral How about we make this a continuation of the other thread on chase bank... He, however, reported having met with the bank’s shareholders and agreed to pump in money to revive the lender even as he emphasised that CBK was in the process of determining the exact state of the bank’s affairs before any other action is taken. When they try and find the exact state of that bank they might unearth serious issues...Greed is bad. possunt quia posse videntur
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Ethiteri		#3 Posted : Friday, April 08, 2016 8:36:03 AM
Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global		maka wrote: kimugaman wrote: Nation says that one director (a he) loaned himself 7.9 billion without collateral. And they blame social media for bringing bank down... One director lent himself Sh7.9 billion mostly without registered collateral How about we make this a continuation of the other thread on chase bank... He, however, reported having met with the bank’s shareholders and agreed to pump in money to revive the lender even as he emphasised that CBK was in the process of determining the exact state of the bank’s affairs before any other action is taken. When they try and find the exact state of that bank they might unearth serious issues...Greed is bad. Who could this be?
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ZZE123		#4 Posted : Friday, April 08, 2016 9:16:17 AM
Rank: Elder Joined: 6/21/2008 Posts: 2,490		Ethiteri wrote: maka wrote: kimugaman wrote: Nation says that one director (a he) loaned himself 7.9 billion without collateral. And they blame social media for bringing bank down... One director lent himself Sh7.9 billion mostly without registered collateral How about we make this a continuation of the other thread on chase bank... He, however, reported having met with the bank’s shareholders and agreed to pump in money to revive the lender even as he emphasised that CBK was in the process of determining the exact state of the bank’s affairs before any other action is taken. When they try and find the exact state of that bank they might unearth serious issues...Greed is bad. Who could this be? Must be this "K" guy who owns over 70% of the bank The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Obi 1 Kanobi		#5 Posted : Friday, April 08, 2016 9:35:18 AM
Rank: Elder Joined: 7/23/2008 Posts: 3,017		This is obviously the Chairman. Zaf Khan. He owned a significant share of the bank. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Othelo		#6 Posted : Friday, April 08, 2016 9:48:39 AM
Rank: User Joined: 1/20/2014 Posts: 3,528		I thought there are clear laws on insider leading and why are these guys Board/Management still roaming free? Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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The Great		#7 Posted : Friday, April 08, 2016 11:05:27 AM
Rank: Member Joined: 9/9/2015 Posts: 233		Thats Kenya my friend. Othelo wrote: I thought there are clear laws on insider leading and why are these guys Board/Management still roaming free? "Buy when there's blood in the streets, even if the blood is your own."
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