CMA to continue with probe of ex-Uchumi directors

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The decline in the valuation of Uchumi Supermarkets is part of a wider bear run at the bourse. FILE PHOTO | NMG

The Court of Appeal has allowed the Capital Markets Authority (CMA) to carry on with a probe against former directors of the collapsed Uchumi Supermarkets.

The appellate court said the notice issued for show cause letters against Joyce Ogundo, James Murigu, and Barth Ragalo in August 2016 was issued properly.

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