Monday, December 6, 2010

on charter house

You can fool some people all the time, you can fool all people sometimes but you can’t fool all people all the time. Some how you will always get entangled in a web of lies and when the time comes the truth always comes out no matter how well one had tried to hide the truth. And I think what had ended up perplexing the public four years ago is back again to hunt us. The question is this time round will the truth have its way? Or will we all be left with many unanswered questions.
 2006 was a year that left many of us wondering how safe our money was in the banks. Out of the blues the 26th biggest bank was abruptly closed. It cost Andrew Mullei and his obvious successor Jacinta Mwatela missing out on their job. What was worse is that its customers were never refunded and up to today the customers are still waiting in bated breath hoping that they can get their money back
But what is more disturbing were the reasons given for its closure charter house bank was accused of violating KYM that is not knowing its customers well which is surprising as I do not know any bank that knows all its customers well.
It was also accused of money laundering which even was true can be just fully be accused of since we did not have a money laundering act in 2006 it only came to effect last year
Lastly, charter house bank was accused of tax evasion which in actual sense was never directly involved its customer which included kings way group and Nakumatt were the ones involved in tax evasion and that makes me wonder who is fooling who in this whole saga

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