The High Court has ordered Bank of Africa Kenya (BOA Kenya) to pay more than Sh247 million to two investors, ending a 23-year dispute over fixed deposits placed with its predecessor, Credit Agricole Indosuez Limited, in the 1990s.
In two separate judgments, the court ruled that Credit Agricole Indosuez had received the funds, acknowledged them in writing, and created enforceable fixed deposits that were never repaid.
