On a chilly afternoon on May 15, media mogul Samuel Kamau Macharia wrote to Diamond Trust Bank (DTB) to wire Sh400 million from Directline Assurance Company Ltd to a housing firm he owns, unaware that it would awaken a five-year-old fight with the insurance regulator.
The millions were wired to an account belonging to Toy and Suna Holdings, a company fully owned by Mr Macharia, to finance the development of stalls and low-cost housing at Toy Market, in Nairobi.
