The High Court has ordered the Capital Markets Authority (CMA) to pay former Sanlam Investment Ltd (SIL) CEO Kennedy Muriithi Riungu Sh7.5 million for blocking his move to Gengis Capital and Mayfair Asset Managers Ltd.
Justice Lawrence Mugambi, in his judgment, said that the industry regulator condemned Muriithi without offering him a chance to be heard.
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The High Court has ordered the Capital Markets Authority (CMA) to pay former Sanlam Investment Ltd (SIL) CEO Kennedy Muriithi Riungu Sh7.5 million for blocking his move to Gengis Capital and Mayfair Asset Managers Ltd.
By Kamau Muthoni