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Njonjo, Kiereini now sued over CMC’s slush fund in Jersey Island
CMC chairman Jeremiah Kiereini (left) and former Attorney-General Charles Njonjo. The administrators of the secret slush fund also want the former CMC directors to refund the auto dealer more than £5 million (Sh640 million). PHOTOS | FILE | NMG
Foreign administrators of a secret slush fund that CMC Motors’ bosses set up in Jersey Island have moved to court seeking damages from the former directors for using them as a conduit to illegally enrich themselves.
RBC Trust Company and Regent Trust, which provided corporate services for the CMC slush fund, have successfully won a bid to enjoin former CMC chairman Jeremiah Kiereini, former Attorney-General Charles Njonjo, former CMC chief executive Martin Forster and the estates of founder, Jack Mordejay Benzima and businessman Prahlai Kalyani Jani (both deceased).
