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Kenya Re FY 2018
AndyC
#41 Posted : Friday, April 12, 2019 11:14:22 AM
Rank: New-farer


Joined: 4/21/2015
Posts: 99
Ebenyo wrote:
mulla wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Ex-Kenya-Re-boss-fined-Sh15m-for-fraud/539546-5065108-g2yuf7/index.html

The anti-corruption court has slapped a former director of Kenya Reinsurance Corporation (Kenya Re) with a fine of Sh15.2 million after was found guilty of stealing Sh7.26 million.

Mr Johnson Jackson Githaka is also staring at a two-year jail term in case he fails to pay the fine.

The court found that Mr Githaka fraudulently obtained Sh7.26 million paid by United Insurance Corporation to Kenya Re.

Applause Applause some progress in this fight against corruption......



He should return the 7.26 million to kenyare and the balance to courts.that will be fair.


Fairness is paying more than he stole. Time adds value to money. Even thieves should invest wisely coz when caught more will be required from them.
Ebenyo
#42 Posted : Friday, April 12, 2019 1:34:53 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,531
Location: Kitale
AndyC wrote:
Ebenyo wrote:
mulla wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Ex-Kenya-Re-boss-fined-Sh15m-for-fraud/539546-5065108-g2yuf7/index.html

The anti-corruption court has slapped a former director of Kenya Reinsurance Corporation (Kenya Re) with a fine of Sh15.2 million after was found guilty of stealing Sh7.26 million.

Mr Johnson Jackson Githaka is also staring at a two-year jail term in case he fails to pay the fine.

The court found that Mr Githaka fraudulently obtained Sh7.26 million paid by United Insurance Corporation to Kenya Re.

Applause Applause some progress in this fight against corruption......



He should return the 7.26 million to kenyare and the balance to courts.that will be fair.


Fairness is paying more than he stole. Time adds value to money. Even thieves should invest wisely coz when caught more will be required from them.



Laughing out loudly Laughing out loudly
Towards the goal of financial freedom
VituVingiSana
#43 Posted : Monday, April 15, 2019 7:30:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,436
Location: Nairobi
Insurers in first loss from underwriting in 11 years
https://www.businessdail...71230-lsqoou/index.html

Congrats to KenyaRe which made an underwriting profit in a very tough year.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#44 Posted : Monday, April 15, 2019 2:28:07 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,531
Location: Kitale
VituVingiSana wrote:
Insurers in first loss from underwriting in 11 years
https://www.businessdail...71230-lsqoou/index.html

Congrats to KenyaRe which made an underwriting profit in a very tough year.



The serious problem with kenya re is Gok poor management.
Towards the goal of financial freedom
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