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Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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It's good as a nation going through this . This is called financial revolution. Finally it will be one of the best in Africa .Opus dei Mei good job. I'm just worried about his safety and job security . People wk turn blame on cbk and for political reason it might spiral back to him . But that's the day I'll know the country has gone to dogs
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Rank: New-farer Joined: 5/15/2015 Posts: 26
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Then the lesson should be, don't cook the books and give directors loans from depositors funds, then lie about it, because once "social media" finds out, you are toast!
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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kimugaman wrote:Then the lesson should be, don't cook the books and give directors loans from depositors funds, then lie about it, because once "social media" finds out, you are toast! That's the power of incorruptible person in kenya.only learned fellows will understand the value of opus but the likes of duale and jackoyo won't .
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:[quote=Cde Monomotapa]Yes. This is the price of recklessness, irresponsible posting, reporting, witch hunting & malice under the guise of 'democracy'.
Wengi wenu hapa mkiambiwa mfyate midomo hamtii. Wivu itawamaliza. Congratulations. Quote:Obama called on the press to have “higher aspirations” than the number of electronic “hits” stories may generate. http://www.bloomberg.com...-of-untethered-campaign[/quote] Nimewahimiza sana. Entrepreneurs have taken risks to build these brands. Research, critique with reason & responsibility - with a dash of sarcasm where applicable. Kujenga ni miaka, kubomoa masiku. Laana kamwe ivunjwe! Let the authorities do their thing now. Spawned out of control this one.
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Rank: Elder Joined: 7/22/2009 Posts: 7,877
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kimugaman wrote:They are blaming social media. How about owners of bank, taking deposits, then loaning it out to themselves, then cooking the books to hide those loans. If there was no social media, people in bars and markets and social gatherings still could have talked about it. There was total rot in this bank! No need to blame the social media. Granted, some individuals inevitably dramatized some facts and misrepresented some but it is not like we are talking about a sound bank that followed strict corporate governance. Secret insider loans, misreporting etc. What did they expect??? There is nothing as bad as rumours accompanied by verifiable facts. The sickening verifiable facts are attributable to the banks management and directors!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: New-farer Joined: 5/15/2015 Posts: 26
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MaichBlack wrote:kimugaman wrote:They are blaming social media. How about owners of bank, taking deposits, then loaning it out to themselves, then cooking the books to hide those loans. If there was no social media, people in bars and markets and social gatherings still could have talked about it. There was total rot in this bank! No need to blame the social media. Granted, some individuals inevitably dramatized some facts and misrepresented some but it is not like we are talking about a sound bank that followed strict corporate governance. Secret insider loans, misreporting etc. What did they expect??? There is nothing as bad as rumours accompanied by verifiable facts. The sickening verifiable facts are attributable to the banks management and directors!!! Plus if I was a regular mwanainchi, with full knowledge that V.I.Ps never get jailed for stealing, and money once stolen is rarely recovered, do I just sit on my hands waiting for CBK to sort this mess. Of course not! I will run to the bank and do everything humanely possible to get my money out. My landlord or stomach can't wait for 20 year "investigations". Ask people in DECI.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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MaichBlack wrote:kimugaman wrote:They are blaming social media. How about owners of bank, taking deposits, then loaning it out to themselves, then cooking the books to hide those loans. If there was no social media, people in bars and markets and social gatherings still could have talked about it. There was total rot in this bank! No need to blame the social media. Granted, some individuals inevitably dramatized some facts and misrepresented some but it is not like we are talking about a sound bank that followed strict corporate governance. Secret insider loans, misreporting etc. What did they expect??? There is nothing as bad as rumours accompanied by verifiable facts. The sickening verifiable facts are attributable to the banks management and directors!!! Let the banks learn their lessons. You need to play an honest game
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Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global
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I think as Wanjikus we need to teach the thieves a lesson too.Boycott their businesses e.g that joint in Ruiru mentioned in some post here.If they are Landlords which was one of the major investment avenues let not lease those houses.
I feel sorry for the staff but the top management no love lost.
Do you guys notice that most shady deals are done at Chase Bank
Most pyramids banked there...6969 banked there......NYS chaps had several accounts there....Youth fund was there....
I think the signs were there but we refused to see through them.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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murchr wrote:kimugaman wrote:They are blaming social media. How about owners of bank, taking deposits, then loaning it out to themselves, then cooking the books to hide those loans. If there was no social media, people in bars and markets and social gatherings still could have talked about it. Social media mongers caused the bank run. The 16BN hole was recoverable. No one is sanitizing the directors Angain how much was the hole in Imperial bank? And whay was it not "recoverable"? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Othelo wrote:popat wrote:One of the bank directors alienda hapo Eastern Bypass akafungua joint inaitwa Oakpoint Ruiru.The best in the O.J neighbourhoods.He is minting serious chums as Kenyans warrow in miasma of lost fortunes.I don't know who can be trusted in this country.... So this is how guys are acquiring crazy properties in Nairobi and environs. Okay  In Karen,at the junction of Ndege road and Langata road, sits this prestigious building called Watermark Business Park spanning 15 acres complete with fountains and what have you. Recently, Unilever moved their regional headquarters here! @SufficientlyP
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Chase Bank loss...another case of cooking the books?
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