The Capital Markets Authority (CMA) has fined former board members and senior managers of Chase Bank and its Reporting Accountant Deloitte and Touche over their role in the issuance of a Ksh 10 billion bond in 2015.
Former Chase Bank Group Managing Director Duncan Kabui has been fined Kshs. 5 million and disqualified from being a director or key personnel of a company regulated by the Capital Market Authority for 10 years while Deloitte has been fined Ksh 10 million.
In 2015, Chase Bank…
