Court backs billionaire Rai family’s lockout of sibling

Rai Group of Companies Chairman Jaswant Singh Rai.

Photo credit: File | Nation media Group

A dispute pitting sons of the late billionaire industrialist, Tarlochan Singh Rai, over control and access of bank accounts of a family’s investment company has taken a twist following a court endorsed changes that locked one of the heirs out.

The dispute involves the bank account of Rai Investments Limited, a company incorporated by the late billionaire nearly 50 years ago. The account is held at Absa Bank Kenya Plc.

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