Genghis Capital assets up for auction in Sh355m row with South African businessman

Former Genghis Capital Managing Director Geoffrey Gangla.

Photo credit: File | Nation Media Group

Nairobi-based investment bank Genghis Capital is in trouble after a South African businessman instructed auctioneers to seize its office equipment for sale over a debt of $2.74 million (about Sh354.55 million).

Moran Auctioneers has already put up for sale office furniture, television sets, laptops, cabinets and printers in a bid to recover the debt owed to South African businessman Auswell Mashaba.

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