Court bars Capital Markets Authority from accessing Governor Kidero’s bank accounts - News Summed Up

Court bars Capital Markets Authority from accessing Governor Kidero’s bank accounts


| Published Tue, August 1st 2017 at 15:49, Updated August 1st 2017 at 15:54 GMT +3Nairobi Governor Dr Evans KideroNairobi Governor Dr Evans Kidero got a reprieve after the High Court stopped the Capital Markets Authority (CMA) from probing his bank accounts. Justice Chacha Mwita ruled that pending the hearing and determination of Dr Kidero's application, CMA should not proceed with a request to several banks to be furnished with the governor's accounts details. "The authority is restrained from investigating the petitioner's bank accounts until the court determines whether it has powers to carry out the probe," ruled Mwita. According to Prof Ojienda, CMA tricked the governor into having a discussion on possible solutions to revive Mumias Sugar Company, only for them to use that information as the basis to investigate his bank accounts. He added that the CMA investigations constitute nothing but intimidation, harassment and violation of Dr Kidero's rights to dignity.


Source: Standard Digital August 01, 2017 12:56 UTC



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