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Rajesh Shah sues insurer, broker over Nakumatt debt paper
A businessman pursuing more than Sh47 million invested in the commercial paper issued by collapsed retail chain Nakumatt says he will demonstrate why an insurance company and a broker should be forced to pay his money, which he had insured. FILE PHOTO | NMG
A businessman pursuing more than Sh47 million invested in the commercial paper issued by collapsed retail chain Nakumatt says he will demonstrate why an insurance company and a broker should be forced to pay his money, which he had insured.
In a litigation likely to shine light on the Sh4 billion Nakumatt commercial papers, Rajesh Shah says he lent Sh47,753,386 to Nakumatt that he never got back.
