By DAVID HERBLING
In Summary
- Mr Ciano, together with former Uchumi chairman Khadija Mire, finance manager Chadwick ...Okumu, former directors James Murigu and Bartholomew Ragalo have also been banned from holding office in any publicly listed company.
- The markets regulator has also barred Faida Investment Bank from carrying out any advisory services for six months for acting as lead transaction adviser and sponsoring stock broker ill-fated Sh895 million Uchumi cash call.
- CMA has slapped Mr Ciano with a financial penalty of Sh5 million and will also seize Sh13.5 million deemed as proceeds of crime as he did not declare conflict of interest to the Uchumi board.
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