Ex-Nakumatt CEO faces assets seizure over loss of billions

[SIZE=7]Nakumatt, Bank Borrowings[/SIZE]
Bank Borrowings ( Sh billion)
Standard Chartered0.81
Diamond Trust Bank3.65
Kenya Commercial Bank1.75
Bank of Africa0.33
United Bank of Africa0.13
GT Bank0.10
Others0.15TOTAL6.90

http://api.traq.li/story/viewall3/27916/244300699:244524854,244455918,244455903,244465549,244455917,244455925,244455911,244544321,244524852,244521271?sig=047e45479c9a18d9bc327f5c91b989684b88d080cc5c753da5c4fbf482c8c051&order=0

Financially unstable entities are given billions, na mkulima wa mapato ya chini akiitisha 50k anaambiwa akuje mpaka na birth certificate za great grandparents.

Penda Sana malipo ni hapa hapa Tu.

Ati Akuje na birth certificate ya hizo mahindi anataka bulimia.

Story of the ages kijana.

If you owe the bank $1M and you can’t pay it back, you have a problem.
If you owe the bank $1B and you can’t pay it back, the bank has a problem.

So what these guys do is they go around different banks collecting debt and then come back and say “if you don’t lend to me I’ll go under and you’re screwed” and the banks just lend.