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Equity deal on Fourways Estate takeover to stay
A Malindi-based hotelier risks losing a parcel of land on which its famous hostel is built unless it clears a loan advanced to it by SBM Bank. PHOTO | SHUTTERSTOCK
The Court of Appeal has declined to suspend a deal struck between Equity Bank and administrators of a former Kiambu tycoon over the takeover of Fourways Junction Estate, off Kiambu Road.
Nancy Wanja Gatabaki and Josephine Beatrice Gathoni, who are administrators of the estate of Samuel Gatabaki wanted the court to set aside a consent entered in November 2021, claiming that there was collusion and fraud in the process.
