On 5th March, 2019, the Anti-Corruption Bureau arrested Mr. Misheck Essau Chief
Executive Officer of CDH Investment Bank for omitting to conduct due diligence and
monitor the business relationship and the transactions of Pioneer Investments with
CDH Investment Bank.
Misheck Essau is likely to be charged with conspiracy contrary to Section 35 as read
with Section 25B of the Corrupt Practices Act, failure to Conduct Due Diligence and
Monitoring, Contrary to Section 29 of the Financial Crimes Act, influencing the Use of
Public Office for Advantage contrary to Section 25B (2) of the Corrupt Practices Act
and money laundering contrary to Section 42(1) (c) of the Financial Crimes Act.
He will be taken to Court after the Bureau has recorded a statement from him.
