What went wrong in Safaricom IPO refund process? Okoth, Jackson

By: Series: The Standard | The Financial JournalPublication details: Nairobi : Kenya The Standard Group Tuesday, March 3, 2009Description: pp. 20Subject(s): Summary: There are fears that fraudsters may have burgled the Safaricom IPO, ripping off commercial banks, investment banks and stockbrokers of millions of shillings in false claims. Stockbrokers and investment banks demand an audit of the payment system but Citibank says it delivered refunds in accordance with government instructions.
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There are fears that fraudsters may have burgled the Safaricom IPO, ripping off commercial banks, investment banks and stockbrokers of millions of shillings in false claims.
Stockbrokers and investment banks demand an audit of the
payment system but Citibank says it delivered refunds in accordance with government instructions.

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