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Originally published by The Standard BusinessNovember 20, 2025
2h ago
Ex Chase Bank Chair hit with heavy fines in dual landmark rulings
Former Chase Bank Chairman Zafrullah Khan and two senior managers have been fined Sh11 million by the CMA, bringing to a close a legal dispute that has lasted nearly a decade...
✨ Key Highlights
Former Chairman of Chase Bank, Mohamed Zafrullah Khan, along with two senior managers, has been fined KES 11 million by the Capital Markets Authority (CMA), concluding a significant corporate governance scandal that spanned nearly a decade.
- The fines total KES 11 million imposed by the CMA.
- Key persons involved include former Chairman Mohamed Zafrullah Khan and two other senior managers.
- The case resolves a legal dispute lasting nearly a decade, marking one of Kenya’s most notable corporate governance scandals.
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