The Capital Markets Tribunal (CMT) has dismissed an appeal by Rafiq Sharrif, a former board member of the collapsed Chase Bank Limited who sought to be cleared of any wrongdoing in his oversight role.
Mr Sharrif had faulted the Capital Markets Authority (CMA) for slapping him with a Sh2.5 million fine for his alleged role in the preparation and publication of false and misleading financial statements of the bank.
