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Corruption in NSE listed companies
Tusker Baridi
#11 Posted : Tuesday, May 12, 2009 11:44:00 AM
Rank: Member

Joined: 12/9/2006
Posts: 186
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.
simonkabz
#12 Posted : Tuesday, May 12, 2009 4:40:00 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
@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!
Tusker Baridi
#13 Posted : Wednesday, May 13, 2009 5:37:00 AM
Rank: Member

Joined: 12/9/2006
Posts: 186
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?
Goals
#14 Posted : Wednesday, May 13, 2009 8:50:00 AM
Rank: Member

Joined: 10/6/2008
Posts: 118
@ 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!
mseiya
#15 Posted : Saturday, May 16, 2009 2:59:00 AM
Rank: Member

Joined: 7/3/2008
Posts: 12
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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