Kenyan banker Gideon Muriuki's Co-op Bank stake is closing in on $40 million
Gideon Muriuki holds 135 million Co-operative Bank shares, worth about $38.6 million as the stock trades near record highs.
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Gideon Muriuki holds 135 million Co-operative Bank shares, worth about $38.6 million as the stock trades near record highs.
Gideon Muriuki and Co-operative Bank face conspiracy to defraud counts alongside the failure-to-report charges halted by the High Court.
Kenya's Co-operative Bank, led by Gideon Muriuki, lifted half-year net profit 28% to $139 million on higher interest and fee income.
Days after the High Court shielded Gideon Muriuki from prosecution, an activist has asked the same court to bar him from running Co-operative Bank.
A Kenyan judge barred police and prosecutors from arresting Gideon Muriuki, days before the Co-operative Bank chief was due to take plea.
Muriuki has seen a 7.9-percent rise in compensation due to outstanding performance.
The market value of his stake has increased from $14.22 million between June 21 and July 24.