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Ex Chase Bank Chair hit with heavy fines in dual landmark rulings

By The Standard November 21, 2025

Source: The Standard

Ex Chase Bank Chair hit with heavy fines in dual landmark rulings

Former Chase Bank Chairman Zafrullah Khan and two senior managers have been fined Sh11 million by the Capital Markets Authority (CMA), bringing to a close a legal dispute that has lasted nearly a decade in one of Kenya’s most notable corporate governance scandals.Get Full Access for Ksh299/WeekUnlock the Full Story — Join Thousands of Informed Kenyans TodayUnlock the Truth Now 》Unlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

Former Chase Bank Chairman Zafrullah Khan and two senior managers have been fined Sh11 million by the Capital Markets Authority (CMA), bringing to a close a legal dispute that has lasted nearly a decade in one of Kenya’s most notable corporate governance scandals.Get Full Access for Ksh299/WeekUnlock the Full Story — Join Thousands of Informed Kenyans TodayUnlock the Truth Now 》Unlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

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