Right. And thats my contention. The whole process could not have taken place between 9 am and 5 pm. $200m is a lot of money. The whole thing was planned for months if not years in advance.
He outsmarted MTN by paying Sh18.4 billion (US$230 million) — calculated at a dollar price of Sh80, at around 7pm on the material day. He now owned 100 per cent of Kencell.
Incidentally, as he was finalising the deal with Vivendi, the Celtel group was waiting in another room. After buying the shares, Merali and his team rushed to meet the Celtel team led by Mo Ibrahim for another round of negotiations. Think twice
According to reports, an hour after sealing the Vivendi deal - at 8pm to be precise, Merali sold the shares to Celtel for Sh20 billion, coming out with a cool Sh1.6 billion profit.
That’s a laughable article. With exaggerations from Dandora to Timbuktu.
I thought Mo Ibrahim is a foreigner, but let’s say he has account at Equity with 20b. Seated in one room, and using his cellphone, could he wire that cash to Merali? If so, how many days would it take for the funds to become available in Meralis account ( a hold by Meralis account) ? This is a wire not Mpesa. And this is 2003 we are talking, so mobile banking was in infancy.
Now wiring $230m from the UK where Mo resides is another story.
Even as far back as 2003, do you remember what happened if a persons account received a $10m transfer? Remember Humphrey Kariuki? Not even $100m.