A court tussle has revealed how AfrAsia Bank Limited of Mauritius lost a Sh969 million ($7.5 million) deposit in fallen Chase Bank that was only 11 days from maturity.
In a classic case of ‘so close, yet so far’, Afriasia Bank lost its deposit and the Sh1.26 million interest that it would have earned from the principal sum with less than a fortnight to go.
