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3 Rogue Banks!
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chiaroscuro
#11 Posted : Thursday, February 02, 2012 4:16:23 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Does anyone still take these PSCs seriously? They have no moral authority or technical competence to investigate anything!

Do you remember the case of Alvaro? Government Chemist (the technical authority) takes samples and tests them. Finds no alcohol in the drink.

Then the PSC visits EABL to ascertain that aolcohol is not added. They went watched some machines pouring a liquid into bottles and came out saying the are satisfied!
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ecstacy
#12 Posted : Thursday, February 02, 2012 4:52:50 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
$hitting allowances...
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2012
#13 Posted : Thursday, February 02, 2012 5:49:02 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
My question to those who understand this saga is;
Was what they did illegal or did they take advantage of a loophole in CBK's policy? If it's illegal, why isn't anyone in court?


As it's said, it's illegal to evade tax but not to avoid.

BBI will solve it :)
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hisah
#14 Posted : Friday, February 03, 2012 12:05:24 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
2012 wrote:
My question to those who understand this saga is;
Was what they did illegal or did they take advantage of a loophole in CBK's policy? If it's illegal, why isn't anyone in court?


As it's said, it's illegal to evade tax but not to avoid.


Are the Lehman brothers owners in jail? Or more recently, is Jon Corzine of MF Global in jail? Or old KE cases, goldenberg, trust bank, trade bank etc... System ya majambazi... The system cant sue itself...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#15 Posted : Friday, February 03, 2012 2:13:31 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Yup...system ni ya majambazi and life's choices are either being a Victor or Victim smile
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GGK
#16 Posted : Friday, February 03, 2012 8:48:01 AM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
Our MPigs are unwilling or unable to address such complex issues which requires indepth investigation and research.

Probably we need a think tank attached to Parliament to enable it excute its watchdog role effectively.

I followed some of the highlights.... it sounded like bar-talk. Especially Shebesh... no substance at all. You need to have your facts right to get any info from likes of Prof Ndungu & James Mwangi
"..I am because we are. "― Ubuntu, Umtu,
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2012
#17 Posted : Friday, February 03, 2012 9:48:41 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
hisah wrote:
2012 wrote:
My question to those who understand this saga is;
Was what they did illegal or did they take advantage of a loophole in CBK's policy? If it's illegal, why isn't anyone in court?


As it's said, it's illegal to evade tax but not to avoid.


Are the Lehman brothers owners in jail? Or more recently, is Jon Corzine of MF Global in jail? Or old KE cases, goldenberg, trust bank, trade bank etc... System ya majambazi... The system cant sue itself...


My question was;
Is what the said banks did illegal or they exploited a loophole?

BBI will solve it :)
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kizee1
#18 Posted : Friday, February 03, 2012 10:23:16 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
2012 wrote:
hisah wrote:
2012 wrote:
My question to those who understand this saga is;
Was what they did illegal or did they take advantage of a loophole in CBK's policy? If it's illegal, why isn't anyone in court?


As it's said, it's illegal to evade tax but not to avoid.


Are the Lehman brothers owners in jail? Or more recently, is Jon Corzine of MF Global in jail? Or old KE cases, goldenberg, trust bank, trade bank etc... System ya majambazi... The system cant sue itself...


My question was;
Is what the said banks did illegal or they exploited a loophole?



not illegal...no loophole, the currency is freely floated and is subject to the vagaries of the markets, this comittee is a waste of time
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2012
#19 Posted : Friday, February 03, 2012 10:30:51 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
kizee1 wrote:
2012 wrote:
My question was;
Is what the said banks did illegal or they exploited a loophole?



not illegal...no loophole, the currency is freely floated and is subject to the vagaries of the markets, this comittee is a waste of time


So what's this hullabaloo all about?

BBI will solve it :)
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kizee1
#20 Posted : Friday, February 03, 2012 10:36:14 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
2012 wrote:
kizee1 wrote:
2012 wrote:
My question was;
Is what the said banks did illegal or they exploited a loophole?



not illegal...no loophole, the currency is freely floated and is subject to the vagaries of the markets, this comittee is a waste of time


So what's this hullabaloo all about?


populist politics really nothing else..the comittee also gets an allowance so guess you can do your own deduction
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