CMA Slaps Ksh15m Fine on Real People Bosses for Diverting KSh1.3 bn

Markets regulator, Capital Markets Authority (CMA) has imposed a total fine of KSh15 million on four former Real People, a non-deposit taking financial solutions provider for businesses in East Africa, for flouting regulatory norms. According to CMA, the four, Mr Arthur Arnold, Mr Neil Grobbelaar, Mr Arumugam Padachie and Mr Bruce Schenk diverted proceeds of … Continue reading CMA Slaps Ksh15m Fine on Real People Bosses for Diverting KSh1.3 bn