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Chase Bank’s economic criminals receive lenient sentence by the Capital Markets Authority

CAPTION: Wycliffe Shamiah, Chief Executive Officer (CEO), Capital Markets Authority (CMA)

The Capital Makets Authority (CMA) has finally, taken the long awaited action against criminal former Chase Bank crooks  as shown below:

CMA Press Release

It is our belief this filth has been given a very light sentence akin to just a small slap on the wrist. A long prison term, a return of all assets stolen from poor depositors and lifetime ban from serving in the financial services industry would be the ideal divine justice. The fines have even been covered by mainstream media for example on links below and the editor of this site would like to revisit the dossiers we already had on some of these quacks

https://nation.africa/kenya/business/cma-fines-directors-auditor-of-collapsed-chase-bank-sh36m-3901678

https://www.citizen.digital/business/cma-dishes-ksh60-million-fines-to-former-chase-bank-directors-n303371

FORMER CHASE GROUP CEO THE VULGAR MOUTH DUNCAN KABUI

Vulgar Mouth former Chase Bank Group CEO Crook Duncan Kabui

CMA has fined Kabui  5 million shillings and barred him from being a director or holding any senior position at a licensed firm in Kenya’s financial markets for 10 years. Kabui or as he was known as DK in Chase Bank circles was an arrogant, combative CEO who had no qualms spewing vulgar insults onto employees and threatening and effecting draconian sackings on staff violating labour laws. It’s a total joke that Kabui was awarded the Top 40 Under 40 Men by Business Daily in 2011 and best bank CEO in 2015 by Think Business Banking Awards. Our detailed dossier on this thug was adequately covered by us in prior years on links below

https://cnyakundi.com/five-years-later-tracking-down-the-filthy-thieves-who-collapsed-chase-bank/

https://cnyakundi.com/four-years-down-the-line-tracking-down-the-people-who-felled-chase-bank/

KEN OBIMBO-FORMER CHASE GROUP FINANCE DIRECTOR,CEO OF RAFIKI MICROFINANCE SACKED AFTER NYAKUNDI’S EXPOSES

Ken Obimbo the Bimbo-Sacked and fined Rafiki Microfinance MD and crook former CFO of Chase Group

The CMA has fined Ken Obimbo also known as “The Bimbo” 5 million shillings and has been handed a five-year ban from serving in a senior role or being a director at any licensed financial services firm in the country. The fine is a result of the Bimbo having served as Group Chief Financial Officer/Finance Director at Chase Group and thus was at the heart of the insider lending theft that collapsed the Bank since he was the custodian of the fraudulent financial accounts.

It is a TOTAL JOKE AND TRAVESTY that when Chase Group collapsed in April 2016 and Kabui and former Chairman Zafrullah Khan were ousted, the Bimbo continued serving as CEO of the former Chase Bank subsidiary Rafiki Microfinance for 5 years until April 2021 when he was sacked after social media pressure from the editor of this site and others. We had already exposed Obimbo years ago on the same link articles above indicated for Kabui. From the links we lamented that Obimbo was a culprit of the Chase Bank scam and we advocated that he be sacked from Rafiki Microfinance. The link  https://cnyakundi.com/five-years-later-tracking-down-the-filthy-thieves-who-collapsed-chase-bank/ was the final undoing of the Bimbo and he was sacked from Rafiki Microfinance shortly after this expose which we captured in detail on our dossier link  https://cnyakundi.com/ken-obimbo-corrupt-rafiki-microfinance-ceo-and-former-group-finance-director-of-dubious-chase-bank-exits-after-cyprian-nyakundi-exposes/

We also covered the internal wrangles at Rafiki Microfinance where The Bimbo was based on link https://cnyakundi.com/infighting-between-corrupt-cartels-threatens-to-collapse-rafiki-microfinance/

Now CMA truly confirms our earlier assertions years ago that The Bimbo was always a crook. He should not have been allowed to serve an extra 5 years after Chase Bank’s collapse as Rafiki Microfinance CEO. NYAKUNDI ALWAYS TELLS THE TRUTH YEARS BEFORE ITS FINALLY EXPOSED BY AGENCIES AND MAINSTREAM MEDIA.

By no means is the list of deplorables by CMA above exhaustive. If one goes through the links above on the dossiers we have on Chase Bank scum,there are some crooks that have thus far escaped the dragnet despite the editor of this site having exposed them several times.We hope justice will finally catch up as it did catch up on the Bimbo whom we pursued for 5 years while he was at the helm of Rafiki Microfinance until our exposes caught up with him and was finally sacked and now fined.Some of the deplorables are as below

PARMAIN OLE NARIKAE- SEX PEST CEO OF PARASTATAL KENYA INDUSTRIAL ESTATES (KIE),PERVERT DIRECTOR OF CHASE BANK

Sex Pest Parmain ole Narikae-CEO of government parastatal and criminal Director of Chase Bank

Parmain Ole Narikae has a most disgusting career history. He is a sexual deviant preying on girls while he was at Chase Bank.When Chase imploded in 2016,the sex pest maneuvered himself to land a job as CEO in the government parastatal Kenya Industrial Estates (KIE).The irony of this crook being CEO at KIE was even picked up by Business Daily articles below

https://www.businessdailyafrica.com/markets/Ex-Chase-Bank-director-heads-State-enterprise-financier-KIE/539552-3491744-980xjoz/index.html

https://www.businessdailyafrica.com/corporate/companies/Chase-Bank-boss-s-tenure-at-KIE/4003102-5265136-a1yedj/index.html

The sexual predator has been unable to contain his perversions and sexually harassed the HR Manager at KIE,attempted to sack her but she fought back in court in cases that the sexual deviant lost as shown on the Judiciary Website below

http://kenyalaw.org/caselaw/cases/view/200004/

http://kenyalaw.org/caselaw/cases/view/206865/

Our detailed dossier on this sex pest is on link https://cnyakundi.com/kenya-industrial-estates-md-parmain-ole-narikae-loses-sexual-misconduct-case/

We hope that like “The Bimbo” our exposes will finally catch up with this corrupt,sexual abnormality and divine justice will be served.

HELLEN AKELLO-SACKED HR DIRECTOR OF CHASE BANK

As Head of HR and later Director Talent and Organization Development, this bitch Hellen was the idiot that effected the draconian resignation under duress orders from Kabui. Little did she know that she would also be sacked from Chase Bank in 2016 when they went bust. As they say ‘What goes around comes around’.She was also a beneficiary of the insider lending loot and it was the reason she was fired when Chase went under.

Insensitive HR Director Hellen Akello sacked from Chase Bank

One should not be shocked that Hellen managed to use her corrupt connections to land herself a job as Chief Human Resource Officer of bogus Janus Continental where the founder and Chairman Humphrey Kariuki was forced out following claims of tax evasion in Kenya amounting to Sh41 billion and other charges preferred against him by Director of Public Prosecution Noordin Haji on Standard Newspaper link https://www.standardmedia.co.ke/business/article/2001337995/wanted-billionaire-steps-down-as-janus-continental-group-chair

We hope justice also catches up with her soon

MICHAEL MAKOMENE KIMEU-CHASE BANK HEAD OF RISK AND SACKED FROM CHASE BANK AND CO-OPERATIVE BANK

Tiny boy Kimeu sacked from Chase and Co-op Banks

Michael Kimeu (known as Mike Sonko at Chase) was a combative thug who was known to conduct dubious witch hunts that led to the sacking of many innocents, had a hot temper arrogantly shouting at employees despite his tiny body size. This filth had been sacked from Co-operative Bank while working in the Risk department only to join Chase as Head of Risk in his late 20s. Tiny boy Kimeu Sonko was clearly a crook that benefited from the insider lending schemes and cooking of books and as Head of Risk slept on the job and allowed the theft of depositors funds. He was sacked from Chase bank after the institution went under but alas he is still working in banking as Country Head of Risk at Qatar National Bank-a dubious tier 3 national bank synonymous with money laundering.

Even more shocking is that apart from currently working at the dubious Qatar National Bank that’s in league with the collapsed Dubai Bank, Kimeu was formerly the Chair and currently a board member of Association of Certified Compliance Professionals in Africa (ACCPA) Chapter in Kenya as evidenced by the link https://eedadvisory.com/team/mr-michael-kimeu/.

This idiot should also be fined and barred from serving in the financial services industry

There are many more Chase Bank crooks who have escaped justice thus far and we hope Karma will catch up with them.It is highly likely (hii ni Kenya) that these goons may get right back as directors in the financial services sector once their suspension periods end.


Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.


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