The capital markets regulator has extended its ongoing investigation to the board of Kakuzi weeks after grilling the firm’s top executives as it sought to understand their oversight roles during the alleged shifting of profits abroad, and conflict of interest by its majority shareholder Camellia Plc.
The Business Daily has learnt that the agricultural company’s board members have been questioned by the Capital Markets Authority (CMA) over the last few days as the watchdog gathers evidence for the transfer pricing case.
