Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
KCB defends auction of borrower’s house in loan row
The bank maintained that the sale was lawfully carried out contrary to the businessman’s claim that it was done in violation of a court order or undertaking.
KCB Bank Kenya has defended the sale of a tour operator’s house in Nairobi’s Kilimani area, saying the auction was conducted lawfully.
The lender further dismissed claims by businessman James Mwangi Rukwaro that KCB’s lawyers had made an undertaking not to sell the property, adding that its officials cannot be cited for contempt because there were no orders in place restraining the sale.
