why Dr Kasolo why??

My good contacts told me a story:

In April 2016 our ceo Dr pius kasolo pushed the board of our company to increase our shares in bank investrust from 10% to 48.6% ......

That the bank was making big after tax losses already at the beginning of 2016 did not stop kasolo......

Many on the board said it was a unsound  investment but still it went ahead. ......

By May of 2016 the board was saying the buying shares in the bank was one reasons why our company was doing very bad in the financials.....

The board was told by sec in October 2016 to sell shares to down below 35%......

In February 2017 the bank lost kwacha 11,731,801 when it budgets to loose 6,039,578.......

So it seems clear to my contacts and me this not good investment.....

So.....

What is kasolo doing? He try to sell shares?....

NO.........

In the middles of this year the board run by kasolo is undertaking mandatory offer with view to run the rest of shares in the bank........

 this is even as the report into the bank says it is in bad way and maybe there will be run on it......

So question today is why keep buying bank with money of the company and wasting our money?????

My contacts say maybe our ceo is putting in danger the finances of our company because he has to do only what his family tells him.

Again we see uur ceo doesn't care about us or the company he is using his position to protect only himself and help his family.