The great rip-off that rocked NSE : The Standard Group special report
Publication details: Nairobi The Standard Group Wednesday, February 11, 2009Description: p.6-8; The Standard, Februrary 11, 2009Subject(s): Summary: Kenyan's who invested in the stock market through Nyaga Stock B rockers could lose up to Sh. 1.3 billion, a forensic audit shows. Questions raised over role of Capital Markets Authority (CMA) as report shows it watched on the sidelines and sometimes became a player in loss of investor's funds. Under current legal framework, investors will be compensated only a maximum of Sh. 50,000. A special report on the depth of rot at the Kenyan stock market.
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Kenyan's who invested in the stock market through Nyaga Stock B rockers could lose up to Sh. 1.3 billion, a forensic audit shows.
Questions raised over role of Capital Markets Authority (CMA) as report shows it watched on the sidelines and sometimes became a player in loss of investor's funds.
Under current legal framework, investors will be compensated only a maximum of Sh. 50,000.
A special report on the depth of rot at the Kenyan stock market.
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