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Ex-Uchumi directors freed in fraud case

Mr James Murigu (left) and Ms Joyce Ogundo (right). PHOTOS | FILE | NMG

By  GALGALLO FAYO

Three former directors of Uchumi Supermarkets #ticker:UCHM have been cleared of fraud charges over a flawed Sh895 million rights issue in 2014.

Justice George Odunga last week ruled that James Murigu, Bartholomew Ragalo and Joyce Ogundo were charged with an illegality that did not exist in the Capital Markets Authority (CMA) Act.

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