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Kenya Re FY 2018
Rank: Member Joined: 4/21/2015 Posts: 151
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Ebenyo wrote:mulla wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Ex-Kenya-Re-boss-fined-Sh15m-for-fraud/539546-5065108-g2yuf7/index.html
The anti-corruption court has slapped a former director of Kenya Reinsurance Corporation (Kenya Re) with a fine of Sh15.2 million after was found guilty of stealing Sh7.26 million.
Mr Johnson Jackson Githaka is also staring at a two-year jail term in case he fails to pay the fine.
The court found that Mr Githaka fraudulently obtained Sh7.26 million paid by United Insurance Corporation to Kenya Re.  some progress in this fight against corruption...... He should return the 7.26 million to kenyare and the balance to courts.that will be fair. Fairness is paying more than he stole. Time adds value to money. Even thieves should invest wisely coz when caught more will be required from them.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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AndyC wrote:Ebenyo wrote:mulla wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Ex-Kenya-Re-boss-fined-Sh15m-for-fraud/539546-5065108-g2yuf7/index.html
The anti-corruption court has slapped a former director of Kenya Reinsurance Corporation (Kenya Re) with a fine of Sh15.2 million after was found guilty of stealing Sh7.26 million.
Mr Johnson Jackson Githaka is also staring at a two-year jail term in case he fails to pay the fine.
The court found that Mr Githaka fraudulently obtained Sh7.26 million paid by United Insurance Corporation to Kenya Re. some progress in this fight against corruption...... He should return the 7.26 million to kenyare and the balance to courts.that will be fair. Fairness is paying more than he stole. Time adds value to money. Even thieves should invest wisely coz when caught more will be required from them.  Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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Insurers in first loss from underwriting in 11 years https://www.businessdail...71230-lsqoou/index.html
Congrats to KenyaRe which made an underwriting profit in a very tough year. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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The serious problem with kenya re is Gok poor management. Towards the goal of financial freedom
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Kenya Re FY 2018
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