Absa to pay couple Sh234m for fraudulent shares sale

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Absa bank on Muindi Mbingu Street in Nairobi. FILE PHOTO | LUCY WANJIRU | NMG

Absa Bank Kenya has been ordered to compensate a couple more than Sh234 million over the fraudulent sale of their shares in various companies including East African Breweries Plc (EABL) and BAT Kenya.

The judgment comes after a valuation report showed that as per the Nairobi Securities Exchange data, the current market value of the couple’s shares is Sh231,188,156.

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