Former National Bank of Kenya (NBK) acting chief finance officer Wycliffe Kivunira Lindong’a has won a reprieve after the High Court quashed a Sh1 million fine slapped on him by the capital markets regulator.
Besides revoking the penalty, High Court judge Benjamin Musyoki also set aside the summons issued by the Capital Markets Authority (CMA) for Mr Kivunira to appear before it to answer charges of allegedly misrepresenting the lender’s financial statements in 2015.
