Former National Bank of Kenya (NBK) #ticker:NBK managing director Munir Sheikh has sued the Capital Markets Authority (CMA) over the fines and sanctions the agency imposed on him for his alleged involvement in a books cooking and theft scandal at the bank.
Mr Munir says the CMA’s sanctions were part of a scheme to make him the sacrificial lamb in order to protect other members of the board in the Sh1 billion scam.
