How Chase Bank paid chair Sh1bn bonus from bond proceeds

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Mohamed Zafrullah Khan when he appeared in a Nairobi court. FILE PHOTO | PAUL WAWERU | NMG

Former chairman of the collapsed lender Chase Bank Ltd, Zafrullah Khan was paid a Sh1.052 billion bonus from cash the lender had raised from investors through a corporate bond.

Documents filed in court reveal that the money was paid four days after the lender raised Sh4.8 billion through the bond on June 10, 2015.

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