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Now Imperial Bank under receivership for 12 months
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Nimerudi
#226 Posted : Wednesday, December 02, 2015 2:42:54 PM
Rank: New-farer

Joined: 1/21/2015
Posts: 78
Location: Pare Pare
dunkang wrote:



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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Impunity
#227 Posted : Wednesday, December 02, 2015 5:28:39 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Nimerudi wrote:
dunkang 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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TheGeek
#228 Posted : Wednesday, December 02, 2015 8:03:10 PM
Rank: Member

Joined: 7/3/2014
Posts: 245
Impunity wrote:
Nimerudi wrote:
dunkang 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 Applause
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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Ericsson
#229 Posted : Wednesday, December 02, 2015 10:51:27 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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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muganda
#230 Posted : Tuesday, January 12, 2016 10:03:50 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907

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muganda
#231 Posted : Wednesday, January 13, 2016 11:25:02 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
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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Othelo
#232 Posted : Wednesday, January 13, 2016 12:27:03 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
^^^^This guy cried and i felt for him, woyeeish Sad
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Nimerudi
#233 Posted : Wednesday, January 13, 2016 4:14:13 PM
Rank: New-farer

Joined: 1/21/2015
Posts: 78
Location: Pare Pare
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.”


On a lighter note: the guy in the studio is the same guy field reporting on the story. Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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pops
#234 Posted : Wednesday, January 13, 2016 6:57:29 PM
Rank: Member

Joined: 9/13/2006
Posts: 123
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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whiteowl
#235 Posted : Wednesday, January 13, 2016 7:23:41 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
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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FRM2011
#236 Posted : Friday, February 12, 2016 10:20:40 AM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
Here is a very detailed article on this massive fraud

http://owaahh.com/the-sa...p;utm_source=twitterfeed
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murchr
#237 Posted: : Friday, February 12, 2016 6:43:46 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
FRM2011 wrote:
Here is a very detailed article on this massive fraud

http://owaahh.com/the-sa...;utm_source=twitterfeed



"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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mawinder
#238 Posted : Friday, February 12, 2016 8:01:24 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
murchr wrote:
FRM2011 wrote:
Here is a very detailed article on this massive fraud

http://owaahh.com/the-sa...;utm_source=twitterfeed



"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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enyands
#239 Posted : Friday, February 12, 2016 9:13:10 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
[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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mawinder
#240 Posted : Friday, February 12, 2016 9:49:23 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
enyands wrote:
[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."

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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