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Corruption in NSE listed companies

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mukiha		#1 Posted : Tuesday, May 12, 2009 5:18:00 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		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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Kaigangio		#2 Posted : Tuesday, May 12, 2009 6:12:00 AM
Rank: Elder Joined: 2/27/2007 Posts: 2,768		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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Spendthrift		#3 Posted : Tuesday, May 12, 2009 6:29:00 AM
Rank: Member Joined: 4/26/2008 Posts: 132		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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Tusker Baridi		#4 Posted : Tuesday, May 12, 2009 7:04:00 AM
Rank: Member Joined: 12/9/2006 Posts: 186		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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mukiha		#5 Posted : Tuesday, May 12, 2009 7:24:00 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		@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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Kaigangio		#6 Posted : Tuesday, May 12, 2009 8:33:00 AM
Rank: Elder Joined: 2/27/2007 Posts: 2,768		@ 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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Mainat		#7 Posted : Tuesday, May 12, 2009 9:18:00 AM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		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.com Sehemu ndio nyumba
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mutuemilio		#8 Posted : Tuesday, May 12, 2009 9:29:00 AM
Rank: Member Joined: 2/21/2008 Posts: 26		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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Kaigangio		#9 Posted : Tuesday, May 12, 2009 9:54:00 AM
Rank: Elder Joined: 2/27/2007 Posts: 2,768		@ 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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Kaigangio		#10 Posted : Tuesday, May 12, 2009 9:56:00 AM
Rank: Elder Joined: 2/27/2007 Posts: 2,768		@ 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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