I dont think it is a scam...its shrewd business...all he did was use his lease as security whats wrong with that?

If you look at all the allegation labelled against him In CMC and Now at KAA you will realise how clever Muthoka is in building his empire.He uses the right channels the guys on the opposite side are the ones napping not him...and he shuld not be blamed for taking advantage of the opportunities that fall on his path.

Thanks @selah and @obi - I guess biz journas need to be further educated

But I'm wondering why KAA is refusing to comply...

.....and now they lose exclusive Land Rover, Ford franchise contracts

http://www.businessdaily...4/-/kca98nz/-/index.html

Two ousted board members of troubled motor firm CMC have obtained temporary court orders blocking the capital markets regulator’s directive that they be barred from serving as directors in the company.

The High Court, in a ruling made last Thursday, also allowed Peter Muthoka, a former chairman of the auto firm and his side-kick Joseph Kevai, to challenge the Capital Markets Authority’s (CMA) decision to bar them from holding directorships in Nairobi Securities Exchange (NSE)-listed companies.

http://www.businessdaily...8/-/e8ctn3z/-/index.html

Minority shareholders of
CMC Holdings have been
given the nod to sue the
troubled auto firm’s
management and directors for losses and failure to hold an AGM.
Minority shareholder Daniel Muchiri lodged the suit on behalf of fellow shareholders
Alois Chami, Emmanuel
Masaba, and Geoffrey
Maoga.
http://www.businessdaily...4/-/oqqe4z/-/index.html