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The Court of Appeal has found that Capital Markets Authority (CMA) gave former Uchumi Chief Executive Jonathan Ciano a fair hearing before slapping him with a Sh5 million fine over the collapse of Uchumi Supermarket.
In their judgment, Justices Hannah Okwengu, John Mativo and Ngenye Macharia unanimously agreed that Mr Ciano and his lawyer actively participated in the trial before the regulator and never raised questions before he was fined.
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