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Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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obiero wrote:Angelica _ann wrote:Bigchick wrote:So Zaf is not able to raise 60M Bond?
How life can change in a split second,from a happy go lucky Formula 1 loving kenyan to a remandee at Industrial Area prison!!.
He must be looking real good to some of those hard core criminals.If he sod.....d,he will not live long.Woi! It doesn't necessary work like that. The 60m will be reduced in due course and all our prisons have have VIP  sections. Exactly. Cecil is buying time for a lower bail amount.. When the guy bails hatawai rudi Kenya Told you that the guy was buying a lower exit fee.. Why pay 60m while you can secure freedom for 2m by staying in the pen for a mere 48 extra hours
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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obiero wrote:obiero wrote:Angelica _ann wrote:Bigchick wrote:So Zaf is not able to raise 60M Bond?
How life can change in a split second,from a happy go lucky Formula 1 loving kenyan to a remandee at Industrial Area prison!!.
He must be looking real good to some of those hard core criminals.If he sod.....d,he will not live long.Woi! It doesn't necessary work like that. The 60m will be reduced in due course and all our prisons have have VIP sections. Exactly. Cecil is buying time for a lower bail amount.. When the guy bails hatawai rudi Kenya Told you that the guy was buying a lower exit fee.. Why pay 60m while you can secure freedom for 2m by staying in the pen for a mere 48 extra hours That magistrate is a joker, what circumstances changed in 48 hours to warrant a reduction of bail from 60M to 2M "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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CBK was to announce the list of banks who are in the final list to acquire Chase Bank and remove it from receivership about three to four weeks ago. What happened? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Obi 1 Kanobi wrote:obiero wrote:obiero wrote:Angelica _ann wrote:Bigchick wrote:So Zaf is not able to raise 60M Bond?
How life can change in a split second,from a happy go lucky Formula 1 loving kenyan to a remandee at Industrial Area prison!!.
He must be looking real good to some of those hard core criminals.If he sod.....d,he will not live long.Woi! It doesn't necessary work like that. The 60m will be reduced in due course and all our prisons have have VIP sections. Exactly. Cecil is buying time for a lower bail amount.. When the guy bails hatawai rudi Kenya Told you that the guy was buying a lower exit fee.. Why pay 60m while you can secure freedom for 2m by staying in the pen for a mere 48 extra hours That magistrate is a joker, what circumstances changed in 48 hours to warrant a reduction of bail from 60M to 2M  possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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maka wrote:Obi 1 Kanobi wrote:obiero wrote:obiero wrote:Angelica _ann wrote:Bigchick wrote:So Zaf is not able to raise 60M Bond?
How life can change in a split second,from a happy go lucky Formula 1 loving kenyan to a remandee at Industrial Area prison!!.
He must be looking real good to some of those hard core criminals.If he sod.....d,he will not live long.Woi! It doesn't necessary work like that. The 60m will be reduced in due course and all our prisons have have VIP sections. Exactly. Cecil is buying time for a lower bail amount.. When the guy bails hatawai rudi Kenya Told you that the guy was buying a lower exit fee.. Why pay 60m while you can secure freedom for 2m by staying in the pen for a mere 48 extra hours That magistrate is a joker, what circumstances changed in 48 hours to warrant a reduction of bail from 60M to 2M Nothing odd here.. This is our dear country
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Me thinks we the shafted are not applying enough pressure.We are not acting angry enough.Juzi I met the former Finance guy and he is all good and happy moving on with his life as if nothing happened. 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: 11/27/2007 Posts: 3,604
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Bigchick wrote:Me thinks we the shafted are not applying enough pressure.We are not acting angry enough.Juzi I met the former Finance guy and he is all good and happy moving on with his life as if nothing happened. The system always shafts the wanyonge , because they are divided many. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Duncan,James Mwaura and Agumbi Omondi finally in court.2M Bond. Charges ,theft of 1B. 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: 12/7/2012 Posts: 11,901
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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. 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: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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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: 13,472 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
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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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: 15,979
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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: 11,901
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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: 10,636 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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