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Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Angelica _ann wrote:Bigchick wrote:Duncan,James Mwaura and Agumbi Omondi finally in court.2M Bond.
Charges ,theft of 1B. Who is James and Agumbi ....... Lakini you steal Kshs. 1B, then you are given bond of Kshs. 2M suresly. Bond should be not less than Kshs. 100m.  James and Mak are collateral damage, they were employees (GM's Finance and Credit) who took instructions from the bosses. They both held powers of attorney for the bank and signed all loan agreements. Woe unto them "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Obi 1 Kanobi wrote:Angelica _ann wrote:Bigchick wrote:Duncan,James Mwaura and Agumbi Omondi finally in court.2M Bond.
Charges ,theft of 1B. Who is James and Agumbi ....... Lakini you steal Kshs. 1B, then you are given bond of Kshs. 2M suresly. Bond should be not less than Kshs. 100m. James and Mak are collateral damage, they were employees (GM's Finance and Credit) who took instructions from the bosses. They both held powers of attorney for the bank and signed all loan agreements. Woe unto them Pole to them
KQ ABP 4.26
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Obi 1 Kanobi wrote:Angelica _ann wrote:Bigchick wrote:Duncan,James Mwaura and Agumbi Omondi finally in court.2M Bond.
Charges ,theft of 1B. Who is James and Agumbi ....... Lakini you steal Kshs. 1B, then you are given bond of Kshs. 2M suresly. Bond should be not less than Kshs. 100m. James and Mak are collateral damage, they were employees (GM's Finance and Credit) who took instructions from the bosses. They both held powers of attorney for the bank and signed all loan agreements. Woe unto them Really!Check your facts right. They were right in the middle of the madness and did everything fully aware of what they were doing. How many GMs of whatever buy houses of 100M cash. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Obi 1 Kanobi wrote:Angelica _ann wrote:Bigchick wrote:Duncan,James Mwaura and Agumbi Omondi finally in court.2M Bond.
Charges ,theft of 1B. Who is James and Agumbi ....... Lakini you steal Kshs. 1B, then you are given bond of Kshs. 2M suresly. Bond should be not less than Kshs. 100m. James and Mak are collateral damage, they were employees (GM's Finance and Credit) who took instructions from the bosses.
They both held powers of attorney for the bank and signed all loan agreements. Woe unto them Let them fry, why is it so hard to say NO? "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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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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murchr wrote:Obi 1 Kanobi wrote:Angelica _ann wrote:Bigchick wrote:Duncan,James Mwaura and Agumbi Omondi finally in court.2M Bond.
Charges ,theft of 1B. Who is James and Agumbi ....... Lakini you steal Kshs. 1B, then you are given bond of Kshs. 2M suresly. Bond should be not less than Kshs. 100m. James and Mak are collateral damage, they were employees (GM's Finance and Credit) who took instructions from the bosses.
They both held powers of attorney for the bank and signed all loan agreements. Woe unto them Let them fry, why is it so hard to say NO? In all fairness, at their level, they MUST have been privy to the deals and WRONG DOINGS!!!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Angelica _ann wrote:murchr wrote:Obi 1 Kanobi wrote:Angelica _ann wrote:Bigchick wrote:Duncan,James Mwaura and Agumbi Omondi finally in court.2M Bond.
Charges ,theft of 1B. Who is James and Agumbi ....... Lakini you steal Kshs. 1B, then you are given bond of Kshs. 2M suresly. Bond should be not less than Kshs. 100m. James and Mak are collateral damage, they were employees (GM's Finance and Credit) who took instructions from the bosses.
They both held powers of attorney for the bank and signed all loan agreements. Woe unto them Let them fry, why is it so hard to say NO? In all fairness, at their level, they MUST have been privy to the deals and WRONG DOINGS!!!!! Don't get me wrong, I am not sympathetic to them, they are getting whats coming to them and fairly so. However, the entire Chasebank top management (GM's and above) were in the mix and equally guilty of looting the bank and getting ridiculous free loans. However, these two are in the dock because they held the powers of attorney and signed all the banks legal documents including loans. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Where is the Chase sale process? Has it progressed? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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KulaRaha wrote:Where is the Chase sale process? Has it progressed? With the interest rates cap still in force no potential suitors Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Ericsson wrote:KulaRaha wrote:Where is the Chase sale process? Has it progressed? With the interest rates cap still in force no potential suitors Does anyone have the calendar for the sale? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Ericsson wrote:KulaRaha wrote:Where is the Chase sale process? Has it progressed? With the interest rates cap still in force no potential suitors I thought the suitors were many???
BBI will solve it :)
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Chase Bank loss...another case of cooking the books?
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