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Now Imperial Bank under receivership for 12 months
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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watesh wrote:Even is this bank is opened again, who in their right mind will take his money there? They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Impunity wrote:watesh wrote:Even is this bank is opened again, who in their right mind will take his money there? They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya. hahahaha you cant steal another bank's name and branding just like that. Anyway a new name without media attention may work but you know media cant shut up.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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watesh wrote:Impunity wrote:watesh wrote:Even is this bank is opened again, who in their right mind will take his money there? They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya. hahahaha you cant steal another bank's name and branding just like that. Anyway a new name without media attention may work but you know media cant shut up. Same as taking the same monkeys to a different forest. They will still make the same annoying noise 
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Saga continues. The defense by Janmohammed family makes for horrid reading. http://www.businessdailyafrica....6/-/gq8ynvz/-/index.htmlAnd together with the whistleblowers, they are all represented by Ahmednasir, making me think the issue will not be resolved soon. Meanwhile, depositors seem at odds with CBK and are working to ensure bank remains open. Soon it may be difficult to tell pebbles from soil in the muddy affair. 
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Receive with simplicity everything that happens to you.” ― Rashi
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Rank: New-farer Joined: 1/21/2015 Posts: 78 Location: Pare Pare
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Signs that KCB & DTB are acquiring IB's assets? And what involvement did AKFED have in Imperial's business for that matter?
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Nimerudi wrote:Signs that KCB & DTB are acquiring IB's assets? And what involvement did AKFED have in Imperial's business for that matter? This is a classic example where the wanjiku wins over bwenyenye...wanjiku will be paid full her deposits while waigoro with her 781 million can only expect 1 million max. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 7/3/2014 Posts: 245
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Impunity wrote:Nimerudi wrote:Signs that KCB & DTB are acquiring IB's assets? And what involvement did AKFED have in Imperial's business for that matter? This is a classic example can only the wanjiku wins over bwenyenye...wanjiku will be paid full her deposits while waigoro with her 781 million can only expect 1 million max. Not quite. bwanyenye will sit tight., covert the debt into equity then soon a suitor will buy him out at a fat premium. Who will be laughing then  In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Imperial Bank shareholders have been screwed by this deal of KCB and DTB acquiring Imperial Bank Assets Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Mr. Alnashir Popat, chairman of the board, said Mr Janmohamed, whom he referred to as a disturbed man, doctored documents presented to the board, impeding decision making. “Mr Janmohamed was a colleague, friend and to many of us an extended member of the family and none of us could have imagined a betrayal at this level.”
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Rank: User Joined: 1/20/2014 Posts: 3,528
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^^^^This guy cried and i felt for him, woyeeish  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: New-farer Joined: 1/21/2015 Posts: 78 Location: Pare Pare
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Rank: Member Joined: 9/13/2006 Posts: 123
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Those are tears of joy after stealing 35b! Surely tears meant to dupe the Kenyan public. How did he not know what was happening being chairman? That kind of money cannot leave any institution without knowledge or approval of the top guys. If he was genuine he should have spoken once the bank closed, not now that the cbk have sidelined him and his cronies.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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muganda wrote:Mr. Alnashir Popat, chairman of the board, said Mr Janmohamed, whom he referred to as a disturbed man, doctored documents presented to the board, impeding decision making. “Mr Janmohamed was a colleague, friend and to many of us an extended member of the family and none of us could have imagined a betrayal at this level.” Dead men tell no tales. That's the first rule to follow when doing a cover up.
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Here is a very detailed article on this massive fraud http://owaahh.com/the-sa...p;utm_source=twitterfeed
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"Significant investments into various sectors including sugar, power, real estate and banking." Sukari seems to be big business "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: Elder Joined: 4/30/2008 Posts: 6,029
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murchr wrote:"Significant investments into various sectors including sugar, power, real estate and banking." Sukari seems to be big business Butali Sugar Company
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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[quote=FRM2011]Here is a very detailed article on this massive fraud http://owaahh.com/the-sa...;utm_source=twitterfeed[/quote] "Driving Mitsubishi Lancer yet a billionaire."
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Nothing much with the car. Most Indians love the Mitsubishi Lancet. The type of car has never been a determinant of one's wealth. At UK Shah uses a Mark X
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Now Imperial Bank under receivership for 12 months
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