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Late Mombasa tycoon’s son denies signing deed to facilitate Sh8bn loan
Aweys Ahmed Mohamed (left) and Zein Ahmed Mohamed when they appeared in a Malindi court where they were charged with defrauding the family of the late businessman Tahir Sheikh Said (TSS) of Sh1 billion on June 11, 2019 .
A son of the late Mombasa tycoon Tahir Sheikh Said (TSS) has denied signing a deed of guarantee by TSS Fish Processing Limited, where he is a director, to facilitate the issuance of a bank loan.
A deed of guarantee is a legal document that serves as a formal promise by an individual (the guarantor) to assume responsibility for the debt or obligation of another party (the principal debtor) if the principal debtor fails to fulfil their obligations.
