Kenyan Bank That Was Involved In Money Laundering And Fraudulent Activities
The Charterhouse bank that was situated in Nakumatt Mega offered a unique feature, where individuals could open an account without the need of having an ID, KRA pin, or any other form of documentation. However, when the bank's officials were reported and summoned, they assured the court that all necessary documentation would be presented to prove that the bank was compliant with CBK regulations.
Kenyan Bank That Was Involved In Money Laundering And Fraudulent Activities
The Charterhouse bank that was situated in Nakumatt Mega offered a unique feature, where individuals could open an account without the need of having an ID, KRA pin, or any other form of documentation. However, when the bank's officials were reported and summoned, they assured the court that all necessary documentation would be presented to prove that the bank was compliant with CBK regulations.
Troubled Retailer Nakumatt Suffers Setback In Case With Former Landlord.
Troubled Retailer Nakumatt Suffers Setback In Case With Former Landlord. In a case where it is suing its former Diani landlord, SouthCoast Holdings Ltd., the troubled Nakumatt Supermarkets was ordered to deposit a Sh40 million security. The Court of Appeal declined to suspend the security. The supermarket (under receivership) was unable to show that the Environment and Land Court (ELC), which had issued the directives more than two years prior, "misdirected" itself in reaching its conclusion, according to three appellate judges.
9 important tips on preventing theft by your employees
Many businesses have gone down due to theft by employees, Nakumatt being the most glaring example.Kefa Nyakundi, director of Africa Risk Institute, speaks to Jacqueline Mahugu on how you can prevent this: 1. Split financial duties:No single person should have 100% knowledge and control of the finances of your business.
Kenyan Billionaires Who Lost Multimillion Properties After The Collapse of Their Businesses
1. Atul Shah Atul is the founder of Nakumatt Supermarket which had seen collapsed. Nakumatt was among the most popular supermarkets in East Africa back then with over 60 outlets spread across East Africa. At the pick of the gross annual revenue it got around 48.5 billion.
Top 4 Kenyans Tycoons Who Went Broke After Experiencing Financial Challenges
Atul Shah, former Nakumatt supermarket founder. 1.Delilah Asiago. Delilah Asiago is one of the famous Kenyan athletes who did well in the world of marathon. She won major races back in 1990s to 2000. Delilah now lives in poverty and currently working as a tea picker in Cheramganyi in Trans Nzoia county.
The top 5 largest supermarkets in Kenya
The kenyan retail market has been it's fare share of drama in the last few yerars ,the collapse of giants Nakumatt and Tuskys has left a huge gap that is being filled up ,the following are the largest supermakets in Kenya. 1 Naivas Naivas is one of the biggest supermarket in Kenya with varrious branches accros the county ,they have items like general grocceries and more .