Judge orders three Safaricom dealers to pay KCB Sh140m defaulted debt

Three Safaricom dealers are ordered to pay KCB defaulted loans.

Photo credit: Shutterstock

The High Court has directed three trading companies to pay Kenya Commercial Bank (KCB) a combined debt of Sh140 million arising from commercial financing agreements for Safaricom dealership businesses.

In the separate judgments issued by Justice Rhoda Rutto, the court directed Jatcom Agency Limited to pay Sh47 million, Charingcross Communication Agency (Sh45.8 million), and Talk Cell Technologies Limited (Sh47.2 million).

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.