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Corruption in NSE listed companies
Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Of all the listed companies on the NSE,which do you think has the most internal corruption. By 'internal',I mean that directors,management and staff are milking the company for their personal gain. I think it is KQ. What do you think? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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KPLC is taking the lead as it has always done NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Member Joined: 4/26/2008 Posts: 132
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Another string of rumours.
Why don't you include what evidence you have. My good mentor told me that most people who start with ' I think' actually never think. I use 'I think' too but often followed by 'because........'
Mukiha go on.....otherwise it may just be because the composition of the KQ board doesn't excite your 'innermost faculty'. I know for a fact that many of us here hate to think that Naikuni is at the helm of that company.
Same for KPLC.
Everyday!
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Rank: Member Joined: 12/9/2006 Posts: 186
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Equity Bank- an elaborate ponzi scheme
Housing Finance- wait until the housing bubble bursts
KPLC- too many schemes of supplying poles
Kenya Re- too many government fatcats
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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@Spendthrift Good challenge; I was waiting for it.... I know (not 'think') a few managers who own companies that supply the company with products and services. A few months ago,I sent a proposal for service provision to KQ. The manager who received it called and asked me to add 20% to the charges for her. I said no ...and she said no to my proposal! A former head of communications & corporate affairs was a founder & major shareholder of the company that handled advertising bookings for the in0flight magazine (Msafiri) etc etc Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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@ Tusker, What tangible proof or evidence do you have that equates EB to a ponzi scheme...or do you rely on the malicious falsehoods penddled by the jealous lot? Where does corruption manifest itself in the bank's hierachy? Housing finance....does this bubble that you have been waiting for for the last 1.5 years translate into corruption? NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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KQ-Mukiha,I thought Moi & sons supply everything to KQ? Equity-please...lets quit this non-objective hatred HFCK-I guess that would make the whole US?UK banking systems corrupt KCB-historically and even today (see Triton),some loans given on non-commercial basis to dubious individuals/businesses . www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Member Joined: 2/21/2008 Posts: 26
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Remember perception is 99% real.Look at the annual perception Index of Transparency international,it matches the real picture.remember where there is a smoke there is fire.
As for the companies mentioned here most if not all condone corrupt practices; and the corporate governance is poor.Also bear in mind that our brothers,sisters,mothers and friends work in these companies and so they experience this.
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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@ mutuemilio please give names,that is what we want.... NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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@ mutuemilio please give names,that is what we want.... NEVER TALK OF A RHINO IF THERE IS NO TREE NEAREBY - ZULU PROVERB ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Member Joined: 12/9/2006 Posts: 186
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Equity- the bank is dangerously overleveraged,is political. Seems like a ponzi to me.
Housing Finance-yes Mainat,the US and UK banking systems are corrupt to the core,just look at all that subprime mortgage fraud that led to the bubble,overleveraging,dangerous derivatives. Even the banking bailout stinks to the heavens. That doesnt mean that I dont invest in them,so long as I know how to play the game.
KCB- I agree,historically corrupt with govt fatcats all over it.
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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@TB,do u suffer from MPD? Ua latest reply is the way to do it,not the earlier one....n b4 u throw an outburst,im not lecturing u,just informing u that some of ua posts belong to the theatre of the absurd.Sorry. Truest proverb: Mwenda pole hajikwai TULIA.........UFUNZWE!
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Rank: Member Joined: 12/9/2006 Posts: 186
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Simon
When I agree with you,i'm a genius,but when we dissagree then i'm a nut case. Whatever happenned to agreeing to dissagree?
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Rank: Member Joined: 10/6/2008 Posts: 118
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@ mukiha
at times we encourage corruption. Congrats if you did not adjust upward. You can only stop it by writting a complaint directly to the management. the md or other directors may not have been involved in this case you experienced. Lets not lose opportunities to Kill corruption.
Fear sees obstacles,Faith sees opportunities Fear sees problems,Faith sees possibilities Fear sees stumbling blocks,Faith sees stepping-stones!
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Rank: Member You have been a member since:: 7/3/2008 Posts: 12
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KCB. Recruitment is very tribal,for instance finance department filled by Kaus. Finance director (Mutiso),finance manager (Munyao),musyoka (assistant)and a host of others I can name. The big boys in finance have the final say on recruitment in the department...More than 50% of finance staff are Kaus. They have even lee way to request additional staff even when not necessary and it becomes very hard for guys to work..coz of god father syndrome! Check with a KCB staff Or is nepotism not corruption too? Look at it from that angle too. ....be it unto me according to your word ohh God! The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. - Warren Buffett
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