The High Court has restored control of investment firm TransCentury Plc to receiver managers appointed by Equity Bank, deepening a protracted corporate battle over the company’s Sh6 billion debt.
The ruling reverses interim orders issued last month that had temporarily restrained the receiver managers, George Weru and Muniu Thoithi, from running the company and effectively restored them. Both Mr Weru and Mr Thoithi are from PwC, a multinational professional services and advisory firm.
